Equity Based Lending or "Hard Money"

Do you need money fast?

Do you fit into one of the following scenarios or something similar?

1. Under pressure from your local bank to refinance your commercial property elsewhere?
2. Need to purchase commercial property quickly?
3. Late on your payments and the bank is threatening foreclosure?
4. You own real estate and need cash for any reason at all?
5. Construction is complete, but leases are not in place and the bank wants to be paid off?

If any of these scenarios sound like what you’re going through, then hard money may be for you. Hard money is not as harsh as the name sounds. Instead it is designed as short term solution to your problem. Yes, you may have to pay a high interest rate for 6 to 24 months, but it’s worth it if you get the cash you need and/or avoid foreclosure.

Our hard money lenders look specifically at your commercial property, not your personal credit or other situations. If you have equity in your commercial property, we have sources that will refinance your property at up to 65% LTV (higher in some circumstances). The terms are usually 12 to 15% interest for a term of 12 to 24 months. Payments during the term are interest only and there is no pre-payment penalty (lender must receive 6 months of interest payments). You can even build an interest reserve account into the loan to make the payments for you. More good news…these loans typically close in 14 to 30 days!

If you own commercial property and need money fast…for any reason…give Crown Funding Group Inc a call….WE CAN HELP!