Bridge Loans For Rockville, MD Entrepreneurs
There are sometimes circumstances which arise, and Rockville, MD entrepreneurs and investors end up needing more property and needing to sell existing real estate. There are also times when Rockville, MD business owners are between transactions and need more immediate working capital until larger funding processes and becomes available. Abel Commercial Funding provides bridge and hard money loans to the Rockville, MD area to help local businesses thrive when they are between large transactions.
What Is A Bridge Loan?
Bridge loans are designed to help entrepreneurs across financial gaps when they find themselves between large transactions – such as selling existing property after purchasing new real estate. Certainly money will become available once the initial property is sold, but there are still expenses and the need for working capital during the waiting period. Our team of experts have the professional background and expertise to help you acquire what you need to see you through to the completion of those large transactions.
What Does It Take To Qualify For Bridge Loans?
Our bridge loans start around $1,000,000 and can be customized to fit your specific needs. We have the ability to lend to local companies with interest rates ranging from 9% to 14%, thus offering extremely competitive loan rates for the Rockland, MD area. In most situations, we are able to accept commercial real estate as collateral. We also offer much faster closing than traditional lending sources, without our time frame taking between five days on up to one month. If you own a business of any size in the greater Rockville area, and are in need of hard money, Abel Commercial Funding may be able to help.
Criteria and Rates For Hard Money Loans
- Loan Size: $100,000 to $1000,000,000
- Lending Area: Rockville, MD
- Interest Rates: Variable from 9% to 14% depending on collateral
- LTV: Up to 80%
- Origination Fee: 1% to 4%
- Amortization: Interest Only
- Closing Time: 5 Days to 1 Month
We Can Help
Abel Commercial Funding has many partnerships with extremely successful private investment films that can help Rockville-based businesses get the money they need to get across the financial gap between large business transactions. Contact us today to learn more about our bridge and hard money programs designed to help local business owners and real estate investors.
Abel Commercial Funding is dedicated to helping business owners and commercial real estate developers get the funding they need – tailored to their immediate and long-term goals. If our have been declined by banks, or are facing challenged credit, we have the financial resources to sidestep the red tape and prohibitive requirements of traditional lending institutions to get you the funding your need. Whether it is a short-term project, launching a new business, or planning for the long run, our team has the decades of financial experience, as well as a history of running and consulting businesses to ensure success in any industry. We work directly with our clients to figure out strategies and solutions for every aspect of their businesses.
If you would like to learn more about bridge and hard money loans, please contact our team team today!