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Hard Money by Gryphon Capital<br><br>Hard Money Business Real Estate Loans. No upfront fees. Fast closing.<br><br>https://www.facebook.com/GryphonCapital<br><br>hard money, Gryphon Capital, loans<br><br>By Gryphon Capitalu00a9
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BENEFITS OF COMMERCIAL HARD MONEY BENEFITS OF COMMERCIAL HARD MONEY By Gryphon Capital© What's hard money? Hard money is a loan secured by an asset. It is also known as Asset Based Lending. The credit rating of the individual seeking the loan is not as important as the real estate being used to secure the loan.
The Loan to Value ratio is usually 60 to 70 percent of the value of the property being used to secure the loan. The Equity stake or Down Payment of the borrower, their exit strategy, and their cash reserves also influence a lender's decision. Commercial hard money is used for business purposes by investors to purchase multi-family units, income property, storage facilities, warehouses, and other revenue generating real estate. Hard money in contrast to traditional forms of lending, has a fast closing period saving the borrower time and money. Hard money loans do not require great credit, are short term, and are used in many instances as bridge loans to complete fix and flip projects. The fast closing period of Hard Money financing can potentially save the borrower millions of dollars in the long-term giving them a distinctive advantage over their competitors. Hard money has fewer requirements which means higher rates of approval for borrowers. For more information visit https://www.facebook.com/GryphonCapital