Bridge Loan Financing

We are looking for quality properties and Sponsors. Owner user, investor sponsors, or corporate entities that need a mortgage solution for acquisition, rate and term commercial refinance, or cash out. Competitive mortgage rates and fast closing are avaiable for most commercial & multifamily properties such as Retail Centers, Office, Mixed Use, Self Storage Facilities, Light Industrial, Warehouse, Mobile Home Parks, and Multifamily, Apartment, Senior Living Facilities, Owner Occupied Restaurant, Liquor Stores, & Well located, low leverage Land Loans. Complete list of Property Types.

We look for real cash and or equity into the deal. NO 100% financing will be offered today. A quick and common sense answer is what you will receive.

Getting Started with Direct Money Lenders:

Simply begin by taking a few minutes to view our comprehensive website. From there, please begin your loan approval by using our brief, online application at the top of this page, or call us to go over your unique situation. Generally, we'll tell you immediately if we think we can help or be given the reason(s) for not proceeding with the loan request. Thinking positively, and presuming we can help, you will be assigned a dedicated representative and asked to gather additional details on both the property and the sponsor. Best efforts will be given to provide written responses within 48 hours of receiving all of the requested items. Once approved, a detailed Loan Terms (that clearly outlines the interest rate, mortgage term, loan costs, and the anticipated date of closing), will be issued.

Because most of the paperwork involved in our Commercial Hard Money Lender process is minimized, and we can be flexible on underwriting guidelines, closing typically occur within 3 weeks, give or take a few days. Summary narrative appraisals are accepted in most cases and an insurance carrier will provide the environmental insurance coverage policy which eliminates the need for a time consuming Phase I or II environmental report.

Throughout the loan process, your Direct Money Lenders representative will work closely with you to keep you informed and be available to answer any questions. The end result is that you get the service you want, the funding you need, when you need it....Solutions....Not excuses!

Most Commercial and Multifamily Property Types will be Considered for Hard Money!

Hard Money Loan - General Guidelines:

Eligible Properties	Direct Money Lenders will consider most property types for a bridge loan including Retail - Office - Self Storage - Light Industrial - Mixed Use - Multifamily, Apartment, Mobile home parks and well positioned land loans for Purchase - Refinance - Cash out - Bank owned - REO properties Nationwide. Please visit our complete list of eligible hard money loan offered.
Minimum Loan Size	$150,000 - $20,000,000+ - Our micro balance loan can be lower loan amounts
Pricing	8.99% - 14.99% Interest only - 2% - 6% Origination points (paid at closing)
Loan Terms	12 - 36 months from initial investment
Prepayment Penalty	None typically
Personal Guarantees	Yes, preferred - NO PG's are possible with strong collateral and reasons
Loan-to-Value	65% AS-IS maximum LTV- As completed LTV is considered case-by-case
New Equity (cash) Requirements	Typically no new cash for Refinance or cash out - Purchase minimum - 10% - 20% of total projected cost
Third Party Reports	Appraisal - Collateral value opinion DML Property inspection (case-by-case) DML Property inspection (required) ALTA Title policy/survey
Preliminary Submission Package For Hard Money Loans:	1. Brief summary outlining the reason for Hard Money and goals 2. Representative color subject photographs - (6 - 7 preferred) 3. Rent rolls, Historical, and YTD operating statements 4. Sources & uses

Private Money Lender:

Would you lend money to someone facing immediate bankruptcy? How about someone in foreclosure? Or perhaps someone was looking to purchase a run-down commercial building whose value can't be accurately determined by a standard appraisal?

For hard money lenders this is what they do. This is what they look for and usually see opportunity where others see only doom and gloom. Deep pocketed individuals, hedge funds, and small local companies operate where your typical bank lenders fear to go. Often times give loans to distressed properties or individuals or both.

Hard money lenders are a bit harder to find than the bank down the street (or the one up the street), but not that hard. Just look on your favorite search engine for "direct money lenders". Asking a mortgage company or someone who has dealt with hard money lenders before may be an option.

Make no mistake about it, a commercial bridge loan financing doesn't come without high cost but, they can help make a bad situation better and that may be your only choice at the moment to save your property from foreclosure or prevent you from filing bankruptcy.

A hard money lender is a person or company with low credit restrictions but, exchange the risk with high interest rates - 8 to 25 percent at least, the higher the risk, the higher the rate. In addition to high interest you will expect to pay an additional 2 to 10 closing points. Direct Money Lenders rarely charges these high of fees. Typically, loans with this credit risk are capped between 60 to 75 percent of the value of your property.

Hard money lenders are private lenders who either lend you their own money or get it from places such as private equity groups, hedge funds, mortgage pools, or deep pocketed individuals. Common since underwriting techniques are present and naturally the higher the risk means higher rates for you. Bridge loan financing lenders are not for everyone however, if you are able to outrun the clock on high interest and you have a believable exit strategy, this loan may be an option for you.

Don't take our word for it...

"I used bridge loan financing from Direct Money Lenders to assist me purchasing a 45 unit multifamily apartment complex located in Southern California that was 50% occupied. I didn't have time for a bank to respond!

225 Street Partners LLP, Charlotte, North Carolina

"I was impressed with the quick close times that a bridge loan provides. Always clear expectations during the process."

Equity Street LLP, Central, Florida