Commercial Loans Are Harder and Harder to Get – Private Money Lenders Bridge the Gap
Hard Money Commercial Loans are not what they used to be. Before 2007, it was easy to get quick underwriting and a fast closing on a commercial loan.
Since 2008, a lot of commercial lenders have closed their doors. And for those lenders who have remained in the business, underwriting guidelines have completely changed, making it harder to get the commercial loans that used to be easy to close.
There are a lot of obvious reasons for why there has been an increased caution with underwriting commercial loans. Ever since the banks have increased their underwriting criteria and standards, more people have been forced to use Commercial Hard Money Lenders and Bridge Lenders for financing their commercial real estate. And even the hard money lenders have stiffened their requirements in recent years.
Will Commercial Bridge Lenders and Commercial Private Money Lenders provide the liquidity needed to stabilize the commercial real estate sector? Private Money Utah is working hard to provide badly needed financing for all types of commercial properties including: Senior housing, Assisted Living, Commercial Mixed Use, Commercial Office, and Commercial Industrial and Warehouse.
Take a second to review our commercial loan programs and submit your request for financing today. When banks aren’t lending, it’s hard to know who to trust. We are a reputable resource for private money loans all over the U.S.A.