Hard money loans
Hard money loans Quest Commercial Capital, Our hard money mortgages are made by private investors Nationwide. The credit score of the borrower is not important as the loan is secured by the hard asset value of the collateral property. Typically the biggest loan you can expect would be between 60% and 70% of the property value. The lower LTV (loan to value) provides added security for our investors as these types of loans fall into a different risk category and are time sensitive. The important aspect of a hard money loan is time. We close hard money loans fast. Money when you need it most. Our underwriting is geared toward speed. Quest Commercial Capital understands that a hard money loan is only good if you get money when you need it.
We offer real estate loans collateralized against the quick-sale value of the property or any other liquid asset our lenders fund in the first lien position, meaning that in the event of a default, they are the first creditor to receive remuneration. Occasionally, Our lenders will subordinate to another first lien position loan; this loan is known as a mezzanine loan, a second lien or a junior lien
Up to 65% LTV, terms up to 36 months, interest rates start at 8%, closing as quick as 14 business days.
Hard money loans
Hard money loans Quest Commercial Capital is a specific type of asset-based loan financing through which you receives funds secured by the value of a parcel of real estate or the liquid assets. Hard money loans are typically issued at a higher interest rates than conventional commercial finance and are almost never issued by a commercial bank or other deposit institutions. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to you. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing whereas hard money often refers to not only an asset-based loan with a high interest rate but possibly a distressed financial situation such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring. Hard money lending will not only consider commercial properties but other liquid assets such as traded stocks or accounts factoring. Quest Commercial Capital has many options for hard money loans all guaranteed to close fast for qualifying borrowers. Contact us for a risk free assessment of your funding requirements, we lend money fast.