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Direct Money Lenders
is a private Michigan hard money land and commercial lender.
All property types are considered. We specialize
on Michigan land acquisition/development and commercial real estate
purchase/refinance loans through the use of short & medium term bridge
loans. Many of our clients request commercial
bridge loans or a hard money loans with the desire
to close quickly and take advantage of a business
opportunity. Apply
for a hard money commercial loan in Michigan.
We
have the ability to lend Nationwide!
We customize each
of our Michigan hard money commercial bridge loans to meet
your specific requirements. If you are looking for
a fast money bridge loan, hard money loan, or
foreclosure bail out loan, you have arrived at the
place to speak with a qualified representative
about your deal.
| Bridge
Loan Amounts: |
| National:
$150,000 and up |
|
| Loan
to value: |
Up
to 90% |
| Security: |
First, second, wrap,
blanket mortgages & mezzanine
financing |
| Term: |
6
- 36 months |
| Prepayment
Penalty: |
| • |
No
prepayment penalty at any
time |
| • |
Borrowers have maximum
flexibility |
|
| Interest
Rates: |
9
- 15% |
| Recourse: |
Typically required |
| Closing: |
As
fast as necessary |
| Points: |
Negotiable |
| Appraisal
Report: |
Depends
on property type |
| Environmental
Report: |
Depends
on property type |
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