Though these rates are higher than typical Bank rates, they are well below “hard money” rates. And when you need a faster closing than what a bank can offer, this product can close within two to four weeks without the fees that a hard money lender will charge.
Loan amounts: $25,000 - $5,000,000
Property types: Multi-family, Mixed use, Retail, Office, Auto Repair, Day Care, Restaurants, Funeral Homes, Shops, Warehouse, Mobile Home Parks, Campgrounds, Churches, Self-Storage, Dry Cleaner, Recreational Properties.
Will lend up to 75% loan to value