• Construction Loans: Up To 85% Loan to Cost

• Construction Loan Term: 6 - 36 Months

• Rates Starting @ 7.49%

• Rental Loans: Up To 75% Loan to Value

• Rental Loan Term: 3 - 25 Years

• Rates Starting @ 4.99%

• Loan Origination: 2%+

• FICO: 640 Minimum Credit Score

• All Commercial Property Types Considered

• Offering Loans Nationwide

• USDA Commercial Loans Available - Inquire Within

• Experience: Recent Similar Experience Required

• Close in as little as 30 days

PRIVATE LOANS, often referred to as hard money loans, private money loans or bridge loans, offer three significant advantages over conventional or bank-financing arrangements. We as private lenders can fund quickly, within a flexible structure and without ugly prepayment penalties that can unintentionally hinder the success of your business. Here are our top five advantages of short term bridge loans at Crowder Financial:

1. Rapid Funding of Loans:

Trying to secure even the simplest of loans from a financial institution in the post-Enron, post-economic downturn world can be extremely difficult. Banks never-ending requests for forms, statements and other documents force businesses to wait. But we all know that opportunity waits for no one. We can move quickly and base decisions largely on the liquidation value of the collateral provided. Faster decisions mean you start moving forward in your business rather than getting caught in funding limbo.  Our typical short term commercial loans fund in as little as 15 to 30 days with possible express options available.

2. Flexible Term Structure:

Your business is constantly adapting to changing market circumstances. Traditional financial institutions aren’t as flexible and typically take a one-size-fits-all approach to all requests. We can structure repayment and collateral release terms in ways that are mutually beneficial to both the borrower and lender. Greater flexibility often results in better outcomes.  Our terms range from 6 to 36 months based on your individual needs and project underlying details.  It is best to execute a deal in the shortest allotted time to allow for maximum returns on your investments and to offer quick closings for your seller(s).  A typical residential new construction will range from 6-12 months depending on the exit market, but your average commercial deal will be roughly 12-36 months.

3. Prepayment Penalties:

You know that even the best-laid plans can change, hopefully for the better. If business goes particularly well, the last thing you want is to be penalized for your success. Yet traditional financial institutions often charge hefty prepayment penalties if circumstances change and a loan is fully or partially repaid before the due date. We are fully invested in your success and typically structure loans with or without limited prepayment penalties or added fees. It’s one more way a private lender can contribute to your success.  We want you to be successful and in most cases do not apply any pre-payment penalty to our short term loans.  As a matter of fact; we want you to exit as quickly as possible so our money can be flipped and used again to increase our profits.

4.  Express Loan Options:

Our express loans were designed for borrowers who are acquiring a property with limited time for closing.  We assess the collateral property in-house and will possibly allow for the property appraisal and inspection to occur post closing.  This allows for us to possibly fund a transaction in as little as 7-10 days!  Now, since we are taking on some of the risk, our funding options will be limited, thus making you the investor put a little more skin in the game. Please keep in mind we look at experience, credit, cash reserves and more to qualify you for a credit facility.

5.  100% Funding Using Cross Collateral:

It is simple; use your existing property equity as collateral to receive 100% funding options. We will entertain using up to 70% of a properties value as collateral in lieu of cash towards another closing. We simply put a lien on your collateral property and release the secondary lien once your newly acquired investment property has sold and/or refinanced. Typically we like cross collateral to be free of any liens or encumbrances but send in your deal and lets have a look!