Providing Dallas Hard Money and Bridge Loans
Sometimes there’s just not enough time to be approved for – and collect on – a loan needed immediately. Waiting for needed project funds could cause you quite a bit of stress, depending on the situation you are in. The good news is that at ComCap Finance Group, we are experienced in providing the solutions you need to acquire funds quickly. With Dallas bridge loans and hard money loans from ComCap Finance Group, get funds for transactions you are making and keep everything running smoothly.
Why a Bridge Loan?
Our clients often ask us what the benefits are of getting bridge loans or hard money loans. Our experienced financial advisers help clients to understand the answers; so that they know why such a quick loan could be beneficial for them. Some of the benefits of this type of loan include:
- They are generally easy to obtain, as the qualification process is pretty quick.
- In some situations, the borrower does not have to pay the payments for the first couple of months.
- An investor can begin the investment process on a second property before the first property is sold.
Hard Money Loans Criteria and Rates:
- Loan Size: $1,000,000 to $100,000,000
- Lending Area: National and International
- Collateral: We lend mainly to commercial real-estate, including raw land and development projects
- Interest Rate: Variable from 9% to 14% depending on collateral
- Amortization: Interest Only
- LTV: Up to 80%
- Origination Fee: 1 to 4%
- Closing time: 5 Days to 1 Month
Contact ComCap Finance Group Today for Dallas Hard Money and Bridge Loans
To learn more about a hard money or bridge loan, contact one of the financial experts at ComCap Finance Group today. We are waiting to help you progress in property investing.