When the conventional track for securing commercial financing for your company starts looking bleak, you may need to get the extra ‘bump’ in cash-flow that you need by applying for a “soft” hard money loan.
A “soft” hard money loan is a certain type of financing that can be used when your total picture or profile is almost good enough to secure a conventional loan but falls just short in one or two particular areas.
If you are facing this situation, “soft” hard money alternative financing is fairly simple to secure AND may be exactly what you need to obtain the amount of money you’re looking for. However, I don’t want to delude you: although securing a “soft” hard money loan can be very beneficial, the interest rates and terms are not as good as those of a conventional loan.
The rates for a “soft” hard money loan are usually in the 6.5 – 7.5% range. And, if you need to secure a “soft” hard money loan using no income verification or no tax returns, be prepared for an interest rate somewhere in the 8 – 9% range.
A Client We Worked With Who Needed A “Soft” Hard Money Loan
Mark P. was looking to obtain $750k in capital for his company. His cash flow was below what he needed to secure the loan. So, as indicated above, Mark quickly became an ‘ideal’ candidate for a “soft” hard money loan.
We closed his loan for $750k with an interest rate of 8%.
The loan had a 30 year amortization and Mark is extremely satisfied with his results and has referred Complete Commercial Finance twice since we helped him and his company when he needed it.
We Help Our Clients Secure Affordable Financing Fast
Over the last fifteen years, the team at Complete Commercial Finance has become a sought after consulting firm in business finance and commercial mortgages because we continuously aim to simplify the process used when securing the capital their business needs.
With our years of experience and strong nationwide lender relationships – there is no doubt that we can bring the financial assistance you need quickly and always with the best interest rates.
If you have questions, comments , or concerns about your situation, please contact us in whatever way you prefer. You can fill out the form on the right side of this page, or call us at 860-906-4848 to schedule a comprehensive assessment of your needs, or email firstname.lastname@example.org to speak with one of our commercial financing specialists.
Above all, in less than 24 hours you will know if you have found affordable financing to take your business growth to the next level.
My best to you always,
President, Complete Commercial Finance
PS – To learn more about the types of loans we secure for our clients, visit the products page on our website.