Banks and credit unions provide many commercial construction loan options, including SBA loans, traditional loans, and mezzanine loans. Finally, commercial construction loans can be obtained through hard money lenders. These are private money lenders that provide short-term funding options for commercial construction projects.
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Hard Money Lender / private money lending, Bridge Loans / no-doc loans on residential investment and commercial properties. Direct Lender- We are the.
Such loans are also called “no-doc loans”, “private hard money loans”, “bridge loans”, etc. For a commercial hard money loan, the lending decision is based on the “commercial asset” (Property) as opposed to relying heavily on a borrowers credit, financials, etc. The loan is secured by a first mortgage.
Explore our small business financing options and find out how to use small business loans and credit to finance your business needs. Get more information about funding your business with a term loan, SBA loan, secured and unsecured lines of credit and more from Bank of America.
Apply for a Wells fargo unsecured business loan (which includes wells fargo businessloan term loan or FastFlex Small Business Loan) account between 07/01/2019 – 12/31/2019, and upon approval, Wells Fargo will waive the $150 opening fee charged at funding.