Commercial Hard Money Lenders
Commercial real estate refers to income-producing property utilized solely for the purpose of business rather than as a private residence. Offices, hotels, malls, and shopping centers are a few examples of properties where commercial real estate lending is relevant. When you use a hard money commercial loan to fund a commercial real estate project, you can pay for the cost of acquisition and cost of rehab all in one loan with Intrust Funding.
Commercial Real Estate Loans
No Prepayment Penalty
No Minimum Credit Score
Up to 90% LTV
5-12 Month Terms
Commercial Bridge Loans
Commercial bridge loans are flexible loans that provide short-term financing for the purchase of commercial real estate and additional funds for the rehabilitation of property—they aren’t permanent financing. In addition to funding renovations and upgrades, a commercial bridge loan can be used by borrowers who cannot initially qualify for permanent financing.
Unlike permanent financing, where loans are funded based on the loan-to-value (LTV) ratio, commercial bridge loans are often based on the loan-to-cost (LTC) ratio or after-repair value (ARV). Lenders will consider a property’s current condition, renovation plans, and market conditions before approving or rejecting a project.
Because these loans are based on a property’s future value, they carry more risk to the lender than permanent financing. Pricing will be determined based on the level of risk involved, with higher-risk projects carrying a higher interest rate. Because conditions can vary widely with commercial bridge loans, terms will also vary considerably based on the factors listed above.
Once you’re finished with rehab, you will want to rent the property to tenants. The rent should be greater than or equal to 1% of what you paid for the home including all renovations, repairs, and other improvements. By renovating the property, its value should increase (if not exponentially, as in hot markets like Seattle). Once you rent out the property, you’ll be eligible to refinance your investment with a conventional lender and receive cash for the equity you have now built into the property with renovations. You can use this cash to fund the purchase of your next fix and flip.
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Seattle Residential vs Commercial Hard Money Loans
Fix and Flip Examples
Intrust Funding’s Hard Money Loans
Commercial Real Estate Bridge Loan Lenders
Bridge the gap between a short term funding need and long term financing. Banks typically require 3 years of financials to prove sufficient cash flow and appraisers to establish current property value. Our loans depend on the after repair value (ARV) of the property, meaning your credit score or past financials do not matter!
Lending Amount
Term Length
Loan Security
Commercial Real Estate Lending
Borrower Situations
- Need Financing Quickly
- Mortgages on Other Properties
- Property Doesn’t Meet FHA Requirements
- Low Current Value, High After Repair Value Investment
- Fix and Flip
- Buy and Hold
- Low Credit Score
- Leveraging Assets to Invest
| Variable | Bank | Intrust Funding |
| Basis for Loan Approval | Income Proof, Credit Score, Tax Returns, Appraisals, etc. | Real Estate Assets, LTARV |
| Minimum FICO Credit Score | 700+ | None |
| Property Type | Owner Occupied | Nonowner Occupied |
| Upfront Fees | Appraisals, Application Fees, etc. | None |
Borrowers:
- Non-owner Occupied
- Builders, Developers
- Legal Entities
- Foreign Nationals
- Property in Probate, Heirs
Property Types:
- Office Building
- Mini Storage
- Warehouse
- Senior Care Facility
- Gas Station
- Car Wash
- Shopping Center
- Strip Mall
Acceptable Loan Scenarios
- Purchase
- Rate & Term Finance
- Cash-out Refinance
- Blanket Loans
- Bridge Loans
- Business-purpose Financing
- Fix-and-Flip
- Construction/Renovation Completion
- OK: Foreclosure, Bankruptcy, Short Sale, NOD, NOS
- Notes Purchased
- Equity Only (No Credit Nor Asset Checks)
- Seasoning: Non Required, Non-Owner Occupied
- Second Mortgages/Trust Deeds
- Third/Fourth Mortgages/Trust Deeds