Commercial Hard Money Used to Acquire Real Estate
Many real estate investors have been acquiring investment properties using commercial hard money. Commercial hard money has allowed many investors in commercial real estate to acquire more properties in a shorter timeframe and take advantage of opportunities. This form of leverage has long been a tool of successful real estate investors to take advantage of more opportunities. Because they otherwise would have been limited to their own capital, they would also be limited in their potential for adding new properties to their portfolios. Commercial hard money removes this limitation.
But what are the requirements of a commercial hard money loan versus a traditional bank loan? A hard money lender has less stringent requirements than a bank lender. A hard money lender is not concerned if an investment property is vacant but is more concerned with the property’s future potential to produce income. Typically a bank will not lend on a commercial property if it is vacant or in need of repairs.
One important requirement in commercial hard money is that the borrower on the loan have cash in the property. This can be in the form of a down payment on the acquisition of the real estate or in the case where a property is owned outright, thus indicating previous cash invested in the real estate owned.
Does your property qualify for a commercial hard money loan? To learn more about our programs, click here: https://privatemoneyutah.com/loan-programs/