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Our loans are asset based; the real property itself is the basis of our lending decision. If a property is producing or can produce sufficient income to pay our note and the value of the property will fully secure the note and provide sufficient equity, then the borrower's credit is not an issue. Instead of concentrating on minute details of the borrower's credit history as institutional lenders do,
Our loans are asset based; the real property itself is the basis of our lending decision. If a property is producing or can produce sufficient income to pay our note and the value of the property will fully secure the note and provide sufficient equity,
Most banks and other lenders provide commercial real estate loans for a variety of properties, including office buildings, industrial buildings, multi-family units, and retail centers. Like a residential mortgage, the commercial loan will be secured by the property being purchased. Beyond that, terms vary widely depending on the lender. Some banks will make fully amortized loans with long terms up to 25 years and loan-to-value ratios up to 80%. Other banks may have interest-only loans with terms of 10 years and loan-to-value ratios of 65%.
Generally, though, it’s harder to qualify for a traditional mortgage than other types of commercial real estate loans. Banks want to see borrowers with good personal credit, a strong business, and a low debt service coverage ratio. Interest rates are usually within a few percentage points of a prime rate, such as the Wall Street Journal (WSJ) Prime Rate.
Contact us with any questions, or to run any hard money type loan scenario by us. You can go to our website, click on “Request a Loan Now” and fill out the online, interactive loan application. PMF Partners is a Hard Money lender.
Beyond the 7(a) program, the SBA offers loans specifically for owner-occupied real estate or long-term equipment purchases. These loans, called SBA 504 loans, are actually composed of two different loans: one from a Certified Development Company (CDC) for up to 40% of the loan amount and one from a bank for 50% or more of the loan amount. You, as a borrower, will be responsible for putting at least 10% as a down payment. The CDC portion of the loan can go up to $5 to $5.5 million, meaning the entire project being financed can be upwards of $10 million or more.
Contact us with any questions, or to run any hard money type loan scenario by us. You can go to our website, click on “Request a Loan Now” and fill out the online, interactive loan application. PMF Partners is a Hard Money lender.
Further, the pool of potential real lenders is reduced since many lenders refuse to deal with these brokers who disguise themselves as lenders either because they regard their methods as unethical or because of a previous bad experience..Don Konipol,Private Mortgage Financing Partners LLCdon@pmfpartners.com8325778838http://pmfpartners.com
Commercial hard money lender Magnolia,Texas.Asset based lender in Magnolia,Texas.Provides commercial mortgage loans in the US.Contact us now:(936) 588-8501
Private Mortgage Lenders Magnolia,Texas . Private lenders in Texas.Contact us today to get your hard money loans.
Private Mortgage financing Magnolia,Texas. Private mortgage company.Provides bridge funding,short term commercial mortgage and private lending in Texas.
PMF is a leading private lender in Magnolia,Texas, provides hard money loans, direct financing, commercial mortgage, bridge loans in Magnolia,Texas. for direct financing call us today :(936) 588-8501
As hard money lenders, we are often asked, “What is the difference between APY and APR.” Both are used to calculate interest for investment and credit products. And both drastically affect how much you earn or have to pay when applied to your account balance.
Private Mortgage Lenders Magnolia,Texas . Private lenders in Texas.Contact us today to get your hard money loans.
PMF is a leading private lender in Magnolia,Texas, provides hard money loans, direct financing, commercial mortgage, bridge loans in Magnolia,Texas. for direct financing call us today :(936) 588-8501
Direct Lender, No Min Credit Score or Income Requirements. Commercial and Investment Real Estate Loans. Quick Response. Experienced Direct Lender. 30+ Years Of Experience.
PMF is a leading private lender in Magnolia,Texas, provides hard money loans, direct financing, commercial mortgage, bridge loans in Magnolia,Texas. for direct financing call us today :(936) 588-8501
Private Mortgage Lenders Magnolia,Texas . Private lenders in Texas.Contact us today to get your hard money loans.
There are general requirements for hard money loans, but they are not set in stone like traditional bank loans are. PMF Partners is willing to work with potential borrowers in ways traditional banks simply cannot.
Commercial hard money lender Magnolia,Texas.Asset based lender in Magnolia,Texas.Provides commercial mortgage loans in the US.Contact us now:(936) 588-8501
Learn more details or to discuss a possible commercial mortgage contact us, Private Mortgage Financing Partners.
PMF is a leading private lender in Texas, provides hard money loans, direct financing, commercial mortgage, bridge loans. for direct financing call us today :(936) 588-8501
