Hard Money Loans
IGR Mortgage Services
Private Money Loans For Real Estate Investment, Commercial & Business Purposes
HARD MONEY COMMERCIAL LOANS
Obtaining a commercial real estate loan from a bank can be a rigorous process. Endless paperwork, reports, conditions, delays, loan committees, false hopes, and more paperwork! Because we use local private investors, we can make fast underwriting decisions and can often overcome issues like tax problems, derogatory credit, appraisals, cash flow, deferred maintenance and other property condition scenarios. When a commercial real estate loan from a bank isn’t possible, consider a private money loan through IGR Mortgage Services.
Call 503-504-2660
National 888-732-9480
COMMERCIAL LOANS – QUICK REFERNCE GUIDE
Funded by private investors, not banks.
Any commercial property including apartments, office, strip center, retail, mixed-use, restaurants, medical/dental, mobile home parks, and others on case-by-case basis
Borrow up to 70% of value (higher LTV on case-by-case basis)
1st lien position only (some 2nd considered, case-by-case)
Loan term 6 months to 15 years
Rates from 8% to 12% (determined by risk related to LTV, market, asset, equity & credit)
Origination fees 2% to 6%
Appraisals are usually required (we perform in-house appraisals case-by-case)
Property vesting can be individual(s), corporation, partnership, LLC or trust
Purpose can be purchase, refinance, cash out, debt consolidation, repairs or whatever
Pay-off tax liens, solve balloon payments, buyout partner, settle divorce
All loans underwritten on a case-by-case basis
Closing in a few days, not a few months
Low rates + lots of paperwork + conditions + hassle + slow process = Bank Loan
Higher rates + streamlined paperwork + fast decisions + quick close = Hard Money
Have a Question About a Commercial Hard Money Loan?
Give us a call or contact us if we can help you with a Hard Money Loan in Oregon, Washington and California.
503-504-2660
National 888-732-9480
IGR Mortgage Services
Hard Money Real Estate Loans
Mortgage Investments
Oregon, Washington & California
503-504-2660
© 2019 IGR Mortgage Services