A hard money loan can be used to prevent foreclosure on a commercial property. A pending foreclosure can be stopped, if a property can be collateralized for up to 65% of its loan to value, based on the quick sale value of the property. If a developer has a construction project that is at least 65% completed, they can obtain a hard money loan to pay-off the construction lender and complete the project.
A hard money loan can also be used to bridge the gap between a completed project and standard financing from a bank or traditional lender. With this loan, a developer can use the collateral of the current project to raise capital for the next project. Serving the investor community of Maryland, Baltimore City, DC and Northern Virginia since 1992 we provide a fast track seemless process to obtaining loans.
A hard money loan can also be used to bridge the gap between a completed project and standard financing from a bank or traditional lender. With this loan, a developer can use the collateral of the current project to raise capital for the next project. Serving the investor community of Maryland, Baltimore City, DC and Northern Virginia since 1992 we provide a fast track seemless process to obtaining loans.
Services
We will lend you the money for the acquisition of land and completion of small-to-large scale residential construction projects. Construction money escrowed and released in accordance with renovation schedule and completion of work. Note: None of our loans has pre-payment penalties and we do not require Income docs, tax returns, or bank statements.
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