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Alternative Funding & Non-Conventional financing
LENDER'S MIN DSCR is 1.20
I Am DIRECT
TheBEST HardMoney"DEAL AROUND!
ANY PURPOSE "HARD MONEYCOMMERCIAL LOANS"
- 95-97% LTV of APPRAISAL - Starting @ 6% FIXED - 2 / 30 Yrs - Non-Recourse - No Pre-Payment Penalty - USA & CANADA!
$750,000 - $500,000,000.
$$$ Private Funding(.... for Commercial Properties!
* When discussing the options of “Hard Money commercial loans”, specifically regarding real estate, they can be defined essentially as “non-bankable loans”.
They are also often referred to as “private loans” or “no-doc” loans.The decision of the underwriter of the hard money commercial loan is based largely on the hard assets or real estate of the borrower.
Simply put, lenders of hard money commercial loans, like Direct Private Lenders Inc., are simply basing their decision solely on the value of your collateral and Net Worth for rather than your credit score.
Are you currently facing any of these difficult circumstances?
*Poor or impaired credit ratings (DPLINC. can work with these types of borrowers, as well)
*Unpaid utility bills
*Tax liens or judgments
*Borrowers with numerous pieces of complex collateral
*Borrowers under severe time constraints
*Borrowers avoiding foreclosure
*Borrowers who are foreign nationals
*Barrower's in need of partner buyouts
If you are, then a hard money loan may be the right choice
The critical difference between these two types of financing is the
variation in interest rates. Interest rates are typically higher on hard
money loans due to the increased amounts of risk involved for the lender.
Commercial "BRIDGE" & DISTRESSED PROPERTY LOANS
(... Nationwide & Canada
Our bridge loans are specifically designed for
these types of cases where a borrower is anticipating
a quick property sale or is expecting to refinance a
piece of real estate in the very near future.
Direct Private Lenders Inc offers bridging loans for
a variety of different commercial properties, including
retail and office spaces, apartment complexes, medical
office buildings, and more.
Direct Private Lenders Inc bridge loans usually
consist of terms between 12 to 24 months, allowing for
future refinancing into long-term, low-cost alternatives.
In recent years, many properties have been forced into bankruptcy
protection or foreclosure. There can be a great number of extenuating
circumstances that lead to these difficult situations, circumstances that
are far beyond the control of the property owner.
DPLINC provides solutions for short-term hard money lending for owners that find themselves in these dire situations, giving the borrower additional time to transition into a more stable situation.
Our Commercial Hard Money Loan Programs are an ideal solution for those types of non-bankable transactions, transactions that do not easily fit into the standard bridge loan lending criteria.
Company Business loans