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Where can I get a quick loan against my commercial real estsate? |
I need a quick loan for $2,000,000 and I have land worth $3,000,000. I was looking into Bradford, at www.bradfordfunding.com does anyone know anything about Bradford? I don't want to wait for a bank approval, and I don't want to sell out to venture capitalists. Also I don't have any cashflow, so I need someone to loan to me strictly on the value of the land. Thanks! You can also look at a hard money lender. Hard money is more in cost and interest rate, however they will close a loan fast (once title and appraisal is done). Your LTV would be about 66.7%, a little higher than they would be wiling to go. Most have a comfort zone of 50-60% LTV. Interest rate would be double digits. Average would be about 14% with points. Another thing that you should be aware of is that this is a short term program. Meaning that they would need a balloon payment with in 2 years (depends on how your structure the loan). If you really need to get money fast, e-mail me directly. I have a few hard money lenders that I have worked with before on this size loan. |
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They do just as their handles states. They loan money on major to medium size projects or product investing. As far a license, in most states they need to be registered ...first get the idea Patented, then talk to a gaming company, letter, e-mail something. paten it so they can't steal your idea and reap benefits from it. ...This is a tricky question because price vs participation is a huge part of start-up projections. If you committed yourself to getting in front of the right people you could easily take it from her... Non-closure. ...i dealt with them and they ripped me off, i have been looking for them for a long while now. they are scammers. Be very careful when looking for venture capital people are just trying to steal bu... nah it takes too long, and if you don't succeed.....then you lose money i'm not a risk-taker i just take it safe ...Sell some of your other assets, property, cars. ...I'm living in the east coast of China.Do you know Ningbo(as mentioned in 24 hours hehe).In the east China, industry is highly developed.So what's kind of key industry you looking for. |
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