| Traditional commercial real estate loans
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| | and the convetional, low interest-rate
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| offer low financing rates to
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| | financing. While conventional rates hover
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| well-qualified individuals and projects
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| | between 6-7%, bridge loans can cost as
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| seeking capital to buy, re-finance or
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| | much as 12-16% based on risk factors.
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| place a lien on existing commercial
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| | This sharp increase isn't usually felt
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| property. The property types can range
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| | for long by most borrowers, who typically
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| from hotels, restaurants, casinos and
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| | re-finance within 12-24 months of
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| apartments to office buildings,
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| | receiving the alternative
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| factories, and even private homes held in
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| | financing.Finding a hard money lender can
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| commercial trusts or estates. With any of
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| | be a daunting task. Several good
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| these property types, financing through
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| | directory lists exist on the web, but
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| banks or traditional lenders can be both
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| | many companies in the largely unregulated
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| lengthy and require a great deal of
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| | field have been accused of scamming
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| credit history and supportive income.If a
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| | potential customers and accepting upfront
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| borrower cannot meet these high
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| | fees for loans they never intended to
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| standards, other options are available in
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| | fund. With these practices widespread, it
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| a field commonly known as "hard money".
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| | is best to ask around the commercial
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| In hard money, less qualified borrowers
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| | industry to find a borrower that will fit
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| can find lenders with higher rates who
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| | your needs.Rand Fishkin is a leading
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| are willing to accept greater risk. These
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| | marketer in the commercial real estate
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| lenders are also prepared to finance
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| | financing field. He has been involved
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| within a few weeks of receiving a loan
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| | with web development, promotion and
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| application, meaning that deals which
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| | marketing for the past 10 years and in
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| cannot wait for conventional financing
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| | commercial real estate since 2002. Rand
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| can be completed as well.Hard money is
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| | is also the Internet Marketing head for
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| also known as a "bridge loan" because it
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| | the Avatar Financial Commercial Lending
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| is most often used to finance the gaps
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| | Group in Seattle, WA.
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| between the need for a deal to get done
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