Hard Money Loans
UFIG can provide hard money commercial loans when traditional conventional lenders say no. We specialize in creative financing for borrowers in need of a short-term loan. We know that everyone will have an occasional stumble and need short-term financing.
Industries
Our expertise and financing options allows UFIG to structure a short term loan for a variety of different property types including:
- Office
- Mixed Use
- Land
- Multifamily Residential/High Rise
- Garden Apartments with or without Retail
- Retail
- Industrial
- Warehouse
- Residential Condominium
- Conversion Rehab
- Motel/Hotel
- Large Retail Power Centers
- Self-storage Facilities
- And more!
Advantages of UFIG’s Hard Money finance program include:
- Close as soon as 10 business days
- Rates from 6.50%
- No/low Prepayment penalty
- LTV’s up to 80%
- Fixed rates up to 3 years on commercial mortgages
- Flexible amortization terms or interest only payments
- Potential for non-recourse loans
- Financing for non-conventional properties
FAQ
Hard Money loans can be closed in as little as 10 business days. Each Hard Money loan is unique in its self. Please call one of our experienced loan officers to discuss.
Unstabilized property, to fund rehab costs going off ARV. Beneficial if need funds quickly or do not qualify for traditional financing. Also allows quick closing
Some of the key factors are Sufficient Equity, Solid Stabilization Plan and Exit Strategy. You will find in working with our experienced loan officers, that we will assist in this aspect as well to help assure better financing terms upon maturity.