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Quick Commercial LoansWhere can I get a loan quickly against my estsate commercial real estate?

I need a quick loan for $ 2,000,000 and I have land worth $ 3,000,000. I looked in Bradford, www.bradfordfunding.com nobody knows anything about Bradford? I do not want to wait for bank approval, and I do not want to sell to venture capitalists. So I have no cash flow, so I need someone to loan me strictly on the land value. Thank you!

You can also view a hard money lender. Money is harder to cost and interest rates, but they close a loan fast (once the title and the assessment is made). Your LTV would be approximately 66.7%, slightly higher than they would be wiling to go. Most have a comfort zone of 50-60% LTV. interest rates would be double digits. Average would be about 14% points. Another thing you should be aware that this is a short-term program. This means they would need a balloon payment in 2 years (depending on the structure of your loan). If you really need to get money quickly, send me an email directly. I have some hard money lenders that I have previously worked on the loan size.

Posted on February 9, 2010.
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