These borrowers are usually not conforming to the standard Fannie Mae, Freddie Mac or other residential conforming commendation guidelines. Since it is a mercantile property, they exceptionally do not conform to a Hard Money Loans standard merchandising loan guideline either. The freehold and or borrowers may be in financial distress, or a commercial claim may quietly not be complete during construction, have its building permits in place, or simply be in excellent or marketable conditions for any count of reasons.
Our experienced team can help with commercial and residential loans on real estate in the state of California. We are able to close in as inconsiderable as 7 days and presentation interest-only, short-term financing from 6 months up to 36 months with up to 75% LTV (Loan to Value). On land, we are able to lend up to 50% LTV and offer in agreement terms.
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