PRIVATE Commercial Mortgage Experts

A private mortgage involves securing a loan against real estate, with the lender being someone other than a traditional financial institution, such as a friend, family member, individual investor, or a group of investors.  Unlike banks, which adhere to stringent regulations and lending criteria, private mortgages offer an alternative for borrowers who may not fit within the standardized requirements of traditional institutions. This can be particularly beneficial for individuals facing challenges in obtaining financing through conventional means.

Private commercial lenders play a crucial role in bridging gaps when quick financing is needed or for ventures that may not receive approval from traditional lenders. While banks often follow a cookie-cutter approach, private mortgages provide a more flexible option to meet the diverse needs of borrowers.

It's important to note that private mortgages typically serve as a short-term strategy due to higher interest rates and a lack of features and flexibility compared to institutional mortgages. Despite these limitations, they offer a valuable alternative, especially when borrowers require swift financing or have circumstances that may not align with traditional lending practices.

• More Flexible Approval Process
• Expedited Access to Financing
• Finance Higher Risk Projects
• Geared Towards Shorter Terms
• Higher Interest Rates and Fees