MortgageDepot is committed to helping you meet your financial and investment goals by providing you with a full range of lending solutions for all of your needs. While many lenders offer traditional financing programs for straightforward loan requests and for borrowers with a great credit rating, not all borrowers and properties qualify for conventional financing solutions.
MortgageDepot is a New York based mortgage broker that offers competitive terms on hard money commercial loans, and these may be ideally suited for your needs when conventional loan programs are not the right answer.
Property Types That Qualify for Our Hard Money Program
There are specific property types that are eligible for use with this program, and this includes mixed use, multifamily, warehouse and retail. The program is also ideal for rehabilitation and construction projects. These may be properties that have a unique story to them, such as low historical occupancy. Borrowers may have a troubled credit history. In some cases, both the borrower and the property have a story, and this loan program will provide you with the flexible underwriting that you need to achieve your real estate objectives.
Competitive Loan Terms
- Loan amounts from $50,000 – $2 million
- 65% Financing
- Rates start at 12%
- 3 Year Term
- No Pre-payment penalty after the first 6 months.
If you have had trouble trying to get financing for your commercial property we may have the solution that you are looking for. Commercial financing may be ideal for some loan projects, but when it is not suited for your loan request, a hard commercial loan may be a better option. These loans often require creative, outside-the-box thinking, and this is what our loan program is most well-suited for.
When you call our office to learn more about the loan program, we will take time to learn more about your unique loan request.
*This product is not regulated by the New York State Department of Financial Services