HCG is a trustworthy solution when it comes to finding private money lenders for real estates. With HCG obtain quick approval for hard money commercial loans in Phoenix.

1. How Commercial Hard
Money Lenders Work
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2. Often when approached for a loan, conventional banks take
into account many aspects of the borrower like their credit
history and debt-to-income ratio to justify the decision to
approve the loan. Also, certain time restrictions such as a
rushed purchase or a balloon payment coming due on a
previous loan can be an issue when you need funds fast.
Conventional banks can have time delays during the approval
process that will not get you the cash you need; this is where
commercial hard money lenders can help.
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3. For real estate investors, commercial hard money loans are
essential to stay in the competitive world of real estate. Cash
is not always accessible for real estate investors purchasing
new properties. By refinancing a currently owned commercial
property, real estate investors can use the proceeds to
purchase more properties, or pay off other debts to
consolidate. These types of loans are what can make these
investors more lucrative.
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4. To account for the risk the lender is taking, the property
involved is used as collateral with regard to the loan.
Commercial hard money lenders will have different
criteria when qualifying the borrower for the loan as they are
not credit driven or concerned about the borrowers other
debts. The property is assessed when taking in to account
how much the lender will loan to the borrower. The loan to
value ratio in this type of loan, usually going as high as 80%,
is the deciding factor for the lender. Hard money lending of
this type is adjustable and exceptions can be made which is
what makes commercial hard money lenders so useful.
Whether it is for the purchase of a commercial property
pulling cash out of a property that is free and clear, the
commercial hard money lender can be a great solution to
getting money quickly and easily. Contact
hansoncapitalgroup.com for more information.
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