Apartment Complex Commercial Mortgage Loans - By: Christopher Cartre

A2ZBigLoans.com offers low rates on apartment complexes, condos, and duplex buildings and more. We offer loans from $250,000 to over 10 billion. Since January 2008 we have funded over $1 billion dollars in commercial loans around the world.

Whether if you need financing for an acquisition, refinancing a currently property, pull out some cash for renovation, or other reason, we can help. With our proven track record, and fast loan process we have been the #1 choice for several prestigious brokers, owners, and lending firms.

A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing, whereas hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring.

Many hard money mortgages are made by private investors, generally in their local areas. Usually the credit score of the borrower is not important, as the loan is secured by the value of the collateral property. Typically, the maximum loan to value ratio is 65-70%. That is, if the property is worth $100,000, the lender would advance $65,000-70,000 against it. This low LTV provides added security for the lender, in case the borrower does not pay and they have to foreclose on the property.

Commercial mortgage rates can change daily and are dependant on asset quality and performance. Unlike rates from traditional lending sources, at A2ZBigLoans.com our obligation is to you, the borrower. Since we are not limited by our affiliation with any one bank, we are able to present your loan to a broad spectrum of potential capital sources and secure the best terms and pricing that the market can offer.

We utilize several financial sources to get the right loan that meets your needs. We have access to hedge funds, wallstreet firms, private money, trust funds, insurance companies, joint venture capital, equity partnerships, bonds & cds, and more. We can provide funding for projects in all 50 states of the US, and as well as all overseas markets.

Our Main Goal is to close every deal for our customers with speed and flexibility. Each commercial project has its own requirements, constraints and timeframe. With that in mind, responsiveness is critical. We aim for solutions to precisely fit each situation: focused around your goals, you and your success.

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Article Directory Source: http://www.articlerich.com/profile/Christopher-Cartre/21356

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