Commercial Loan

What is Commercial Hard Money Lending?

With a commercial hard money loan, underwriting decisions are based on the borrower’s real estate assets.  Such loans are also called “no-doc loans”, “private hard money loans”, etc.  For a commercial hard money loan, the lending decision is based on the “commercial asset” as opposed to relying heavily on a borrowers’ credit, financials, etc.

By relying on an asset, private lenders are able to fund transactions that might not fit traditional lending guidelines.  Private Lending Group is a unique lender in the hard money space.  We are a direct lender and lend our own funds; our money lenders underwrite in-house without any upfront fee. This allows Private Lending Group to provide honest answers quickly without the thousands in out-of-pocket expenses typically required for a commercial real estate loan (appraisals, etc.).

How is Commercial Hard Money Different from a Bank Loan?

The following table summarizes the key differences in loan characteristics between a conventional bank loan and a commercial hard money loan from Private Lending Group.

A commercial hard money loan is a good alternative to traditional bank financing. This alternative financing can be very beneficial to the borrower in many circumstances. Below are just a few of the reasons for when a commercial hard money loan might be appropriate.

When is a Commercial Hard Money loan appropriate?

• You need a loan quickly and can’t wait the 3 to 6 months for a traditional bank loan
• You do not qualify for traditional financing for whatever reason (income, tax returns, unique property, etc.)
• Transaction falls out of traditional lending parameters
• Your credit is impaired
• Although you have ample equity, you or your property have liens, judgments, unpaid bills, etc. that requires cash to resolve
• You have ample equity in your property and need cash fast
• You need business working capital
• Your property is occupied by your business and your financials don’t tell the full story
• You need a loan without all the documentation requirements of a bank
• You are trying to avoid foreclosure and restructure your debt
• You are a foreign national
• You need a complex loan with multiple pieces of collateral
• You need a creative solution to a loan that doesn’t fit other lenders

Lending Not Offered in The Requested State

Unfortunately, we do not provide loans in this state.

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Owner Occupied Properties

We provide loans for investment properties, and cannot lend to owner occupied properties.

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