Conventional loans are not always an ideal option for a real estate investor. The process of getting the funding when you need it (AKA before someone else snags the property with their offer) can be frustrating, especially as supply remains low and demand remains high. Opportunities are often time-sensitive and highly competitive. That is where… Continue reading What Exactly Are Hard Money Lenders?
Commercial mortgages can be used for both buying a refinancing land and property solely for business purposes. They operate much like residential mortgage loans, where money in the form of a loan is used to secure a property. Businesses may also use them for residential and commercial development for existing businesses (this can include bars… Continue reading How to Know if a Commercial Mortgage Loan is Right for You
There is a BIIIG difference between getting a conventional loan for a home and a commercial loan. Not only are these loans typically significantly higher, they are a completely different category requiring a different set of expertise.
Using a standard or conventional loan is a common practice, though selecting the right plan in the dynamic housing market can be tricky. There are many types of loans that fall under these categories so one must choose wisely.
Florida is a leading state for hard money lending for a variety of reasons. Finding financing can be tricky, especially when it comes to commercial property.