A hard money loan can be used to prevent foreclosure on a commercial property. A pending foreclosure can be stopped, if a property can be collateralized for up to 65% of its loan to value, based on the quick sale value of the property.
End of Construction Pay-Off Loans
If a developer has a construction project that is at least 65% completed, they can obtain a hard money loan to pay-off the construction lender and complete the project. A hard money loan can also be used to bridge the gap between a completed project and standard financing from a bank or traditional lender. With this loan, a developer can use the collateral of the current project to raise capital for the next project.
About Equity Lending
Fast Track Loan Process
Serving the investor community of Maryland, Baltimore City, DC and Northern Virginia since 1992 we provide a fast track seemless process to obtaining loans. Fast closings allow our investors to be in an adventageous position when purchasing a property.
Commercial cash-out refinances allow you to extract equity from real estate you already own. It can be a quick way of generating additional work capital to be utilized as you see fit.
Types of Properties and Deals We Do: