Oct 24, 2023 9 Min read
In the world of commercial real estate, savvy investors are always on the lookout for creative financing solutions to capitalize on lucrative opportunities. Hard money loans have emerged as a versatile and valuable resource for these investors, and have even been helpful for investors trying to close deals in the current market of 2023. These loans provide a flexible financing option that can be the key to unlocking potential in the commercial real estate market. In this blog, we'll delve into the concept of hard money loans, how they are used, and their benefits to commercial real estate investors.
Hard money is a short-term loan typically used to finance the purchase or renovation of real estate properties. Unlike traditional loans based on many factors including the borrower’s creditworthiness and the current performance of the property, hard money loans are generally secured by the property itself. This makes them a great option when you need funding quickly to invest in commercial real estate. They differ from traditional bank loans in a few different ways:
Hard money loans can serve various purposes within the commercial real estate sector:
Commercial real estate investors can reap several key benefits from utilizing hard money loans:
In addition to these benefits, we have seen hard money loans emerge as a great alternative financing vehicle for investors seeking to close in the current market - especially as traditional financing routes have proven more difficult.
Traditional financing options offer a one-size-fits-all approach that doesn’t always meet the needs of real estate investors. You need a financing option that can provide tailored solutions to help you take advantage of your investment opportunities in commercial real estate.
At Terrydale Capital, we offer a wide range of hard money loan products and industry resources that can be customized to your specific investment needs. Our team of finance experts has extensive knowledge of the industry and can assess your needs quickly and explicitly, so you can get the funding you need without any unnecessary delays.
Our hard money loans are friendly to any type of commercial property. Basics include:
At Terrydale Capital, we understand that each real estate investment is unique, which is why we offer customized financing solutions to meet your specific needs. We’ll work with you to develop a financing package that meets your investment goals and helps you maximize your profits.
We offer a variety of flexible loan terms, including interest-only non-recourse loans, bridge loans, and LTC up to 90% with CAPEX. Our team of experienced real estate financiers will work closely with you to ensure that the terms of your loan are perfect for your investment strategy.
If you're ready to close your commercial real estate deal in 2023, contact us today.
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