Hard Money Loans are typically issued by private investors or companies. Most hard Money Loans are used for project lasting from few months to a few years. Hard money lenders make the riskier commercial loans, the deals the banks won’t touch. As a result, hard money commercial loans are more expensive than bank loans. The typical hard money commercial loan is a short term loan. One year hard money loans are common, but you should be able to negotiate a loan term of at least three years in today’s market. There is a ton of money chasing good hard money deals these days.
Many hard money commercial lenders win business based on speed. It is sometimes possible to close a hard money deal in as short as ten days.
Panthera Financial is one of the nation’s lending “Hard Money Lenders.” Our sole purpose as a lender is to provide borrower’s the fastest and easiest access to private money and hard money loan options secured by real estate.
We can fund a loan in 5- 7 businesses days through our more than 400 loan programs. All hard money loans are equity based on real estate. We lend hard money on merits of property and not on merits, credit, employment, and income or payback capabilities of borrowers.
You can take a loan against commercial property or investment properties that does not qualify for traditional loans
You can get the loan quickly to save you from distressed financial situations