Commercial Loans in Fairfax, VA
Here at Mid Atlantic Commercial Capital, LLC we offer our commercial clients throughout greater Fairfax, VA several loan services including Stated Commercial Loans, Commercial Bridge Loans, and Commercial Hard Money Loans.
Commercial Hard Money Loans
Commercial Hard Money Loans are typically associated with opportunity costs. It makes sense when there is an opportunity, and you want to grab it. These loans are also referred to as bridge loans because they help bridge a gap between your current position and where you want to go. Hard money is provided for those opportunities that appear when there may not be enough cash-flow.
At Mid Atlantic Commercial Capital, LLC, we assist you with securing hard money commercial loans from our large network of lenders throughout Fairfax VA.
What are Stated Commercial Loans?
Stated Commercial Loans are for borrowers who may not qualify for conventional real estate financing. These loans are available to meet business goals of both owner-occupied and investment properties. The ideal applicants include those with:
- Non-supportive prior tax returns
- Credit challenges
The key features of the program are as follows:
- Avail up to 75% financing
- No need for tax returns
- Up to 30-year maturity
- Minimal documentation
- Interest rates starting from 7.25%
These loans can be availed for a wide range of properties including offices, multi-family properties, retail and stand-alone facilities, warehouse, hospitality, and self-storage.
Commercial Bridge Loans
Our experienced team of commercial loan specialists can assess your business profile and assist in apply for Commercial Bridge Loans. We leverage our vast network of trusted lenders to help bridge the gap in the time between buying a property and securing long-term financing.
These bridge loans have terms ranging from 6 months to 12 months. The term can also be extended based on certain factors.
- These loans are collateralized
- Avail $1 million to $20 million in financing
- Loans are usually approved based on the value of the collateral and not your credit
- These loans are easier to secure than standard mortgage
- Examples of applications include moving your business, purchasing a property, and renovating or rehabilitating an existing commercial property
- Offers loan to value ratio of up to 80%
- Allows fixed monthly payments and other flexible repayment options
Ensuring timely repayment of this short-term loan can also help you improve your credit score.
Commercial Hard Money Loans
Commercial Hard Money Loans have higher interest rates than conventional loans, but offer the following 2 advantages:
- Flexible underwriting conditions
- Faster funding
We can help you apply for these loans for buying, drawing cash, or refinancing from an investment. This is a more efficient way to secure funds that is focused on the asset and not your credit. It is perfect for you if you seek short-term loans or have credit challenges.
This loan offers the following advantages:
- Zero upfront cost
- Qualify within just 1 day
- Accepts all types of real estate
- Accepts applications with low credit and bankruptcy
At Mid Atlantic Commercial Capital, LLC, we can help you apply for hard money loans against all types of non-residential properties. Some of the common property types include:
- Office buildings
- Retail centers
- Single tenant and triple net retail
- Industrial buildings
Traditional loans require extensive documentation and underwriting. It can take several months to secure the required funds. Our experience, expertise, and network can help you secure financing to meet your immediate needs.
If you want to learn more about these loans, please get in touch with us today. Call us today at 540-825-9800 or write to us using this Online Form.