Mortgage and Loans - Mortgage Refinance, Home Loans |
- Commercial Hard Money Loans – 3 Business Scenarios
- Mortgage market and interest rate wrap-up for Friday, November 28th
- What is a cheap health insurance option for entrepreneurs?
- Loan Me Some Luck – Original Song
| Commercial Hard Money Loans – 3 Business Scenarios Posted: 23 May 2011 05:51 AM PDT  The primary rationale for a business considering a commercial hard money loan is that traditional commercial financing options aren’t viable. There are three financing options for most commercial real estate scenarios: traditional banks, intermediate lenders and hard money lenders. In those situations where traditional banks and intermediate lenders both say “NO”, it then makes good business sense to explore under what terms a hard money commercial loan might be available.
Many viable business projects can be funded ONLY by way of a hard money lender. Before accepting “NO” from the traditional banks and intermediate lenders as the “FINAL ANSWER”, a prudent small business borrower ought to ascertain if a hard money lender will say “YES”. In comparison to traditional bank business loans, commercial hard money loans will usually involve a higher interest rate (prevailing range of prime rate plus 4-8% for typical scenarios), higher fees and shorter-term financing (1 to 3 years). However, simply because numerous hard money loans provide interest only terms, the payments can be lower than a fully-amortized loan with a lower interest rate. Commercial hard money loans are usually completed faster than a traditional commercial loan. Several common commercial financing scenarios utilizing hard money loans are described below. Commercial Hard Money Loan Scenario # 1: Need to obtain Commercial Financing Fast Traditional commercial loans will usually need several months to complete. Hard money loans can be received within a few days in some cases. This difference will be crucial if commercial financing is needed within a short time frame. Commercial Hard Money Loan Scenario # 2: Special Small Business Situations Not Easily Understood by Traditional Banks • Foreclosure Commercial Hard Money Loan Scenario # 3: Low Credit Scores Almost all traditional commercial loans have really strict standards for acceptable credit scores by the guarantors for a commercial real estate loan. Hard money loans are much more flexible and low credit scores are acceptable. As noted above, there are several common business situations through which a commercial hard money loan should be considered as a viable commercial funding option. The Commercial Mortgage Loans Guide ( http://aexcfgllc.com ) and also the Credit card Receivables Guide ( http://aexcfg.com ) will offer additional insights into viable commercial financing strategies for difficult commercial loan scenarios. Copyright 2005-2006 AEX Commercial Financing Group, LLC. All Rights Reserved. |
| Mortgage market and interest rate wrap-up for Friday, November 28th Posted: 22 May 2011 02:57 PM PDT  Mortgage market and interest rate information from Bruce Brown, CMPS with First Security Mortgage in Kansas City and radio host of Dollars and Homes on KCMO Talk Radio 710.
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| What is a cheap health insurance option for entrepreneurs? Posted: 22 May 2011 02:37 PM PDT  Also going to Africa soon, what type of shots do you need, and how much are they if you dont have health insurance? |
| Loan Me Some Luck – Original Song Posted: 22 May 2011 02:21 PM PDT  Loan Me Some Luck – Original Song myspace.com Lyrics: Vince Mirenzi Composition & Melody: Michael Schulte and Vince Mirenzi Check out his pages and subscribe his channel: www.myspace.com youtube.com Lyrics: My life is fading fast, right before my eyes So I throw on a mask, conjure up a disguise Something, anything, to get me through this day I need a direction, Cause I dont want to stay Ive been running from myself For one too many years Running red lights and stop signs Dodging glances in the mirror Loan me some luck, Im out of time I have been stuck, in a dream thats not mine Hook, line and sinker, Im caught up in this I need to find my solace; need to prove I exist When all you know doesnt exist, who will be there? Will I ever be the man, the man without a care? When you dont know where youre going, why even try? When youre hearts not in the battle, youll fall every time Wont you help me, wont you please? I need a hand to bring me off these knees When youre flat broke and out of luck The only thing easier than trying, is giving up Dont give up on me tonight Loan me some luck, Im out of time I have been stuck, in a dream thats not mine Hook, line and sinker, Im caught up in this I need to find my solace; need to prove I exist Copyright © 2008/2009 Vince Mirenzi
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