Multi-Family
Hard money loans for apartment and commercial properties may be necessary in certain situations due to evolving markets and capital fluctuations
· Borrowers may use hard money financing for commercial real estate due to credit, legal, or financial issues, or when needing a fast closing or when other financing options fall through
· Hard money may not be the only option, and alternative options such as soft money should be explored
· No minimum credit score requirements for soft money financing, but improving credit for refinancing into a conventional loan is recommended
· Only the as-is value of the property is underwritten, allowing for fast closings but higher costs
