FAQ’s – Hard Money Loans for Commercial Properties

How much cash can I get?

You can get up to 70% LTV. In terms of limits, our commercial hard money loans typically range from $250,000 to upwards of $5 million.

What exactly is a hard money loan?

Traditionally, banks will ask you about your earning power and credit score in order to get you approved. Hard money lenders don’t actually look at any of that. Instead, they examine the value of the commercial property you intend on buying. Hard money loans are shorter term, and also have slightly higher rates than what banks would offer. They also have a much shorter turnaround time than a traditional loan.

Does it matter where I live?

Nope. We can offer loans in all 50 states.

What kind of properties qualify for commercial hard money loans?

We are willing to fund warehouses, industrial properties, commercial office buildings, retail buildings, and similar properties are traditionally financed this way. We also can finance multifamily units with more than 5 family units, mixed-use properties, non-owner-occupied properties, as well as single to multi family properties that are held in a corporate or LLC name.

How does my credit score affect my approval?

It won’t. However, credit is used to determine your interest rate, which can be anywhere from 11% to 13%.

What do I need in order to apply?

You’re going to need to send us information about the property, as well as both interior and exterior photos of the property. This can be done via email or through our form. (Note: The photos do not need to be professionally taken.) You also may need to get comparison values for similar properties in the neighborhood.

Can it be an REO property?

Yes! Our lenders are fine with that, as long as it’s in good condition.

Will you work with brokers?


Do you do other kinds of loans?

Absolutely. We might even be able to offer a bridge loan, so that you can get the full funding you need for the commercial property at hand. Ask us about it!

When do hard money commercial loans make the most sense?

When you need cash in a flash, are likely to “fix and flip” a property, and/or can’t get approved through a traditional bank loan, hard money makes sense.

How do you figure out the value of the property?

When we finalize the loan, we will likely have an appraiser look at it, and we will also get a broker price opinion.

Do I need an attorney’s assistance?

It’s never harmful to speak with an attorney regarding personal and business matters, and often times, it may be the best thing you can do if you think that an attorney’s advice can help you. Although we aren’t a law firm and we cannot provide anyone with any legal advice, you are more than welcome to speak with an attorney that we use for our company. We truly want to get familiar with our clients, and help them in any way we can. Simply send an email to info@thecreditexpress.org and we’ll be sure to forward it.

Still need help?  If you have a question that isn’t answered here, or if you feel like you could use advice when it comes to the best route of financing for your business, we are here to help you make the best choice for your company!  You may call us at (678) 983-4555 or email: info@thecreditexpress.org.  You’re also more than welcome to visit our office.  Evening and weekend appointments are available.