Hard Money Commercial Loans in San Jose
If you’re looking for San Jose commercial hard money lenders, Lantzman Lending has you covered. We have more than 50 years of combined experience as commercial hard money lenders, which enables us to help with financing all types of commercial properties, from apartment buildings and strip malls to industrial facilities.
As private commercial lenders in San Jose, we help you finance commercial expansions or a multi-family housing property acquisition. We can work with you to creatively tailor a loan program around your specific needs.
Hard money commercial loans can mean the difference between acquiring that once-in-a-lifetime commercial property and losing it to your competitor due to delays in available funds. Traditional loans usually take much longer to approve, with much more stringent requirements. That’s why so many real estate investors in San Jose turn to commercial real estate hard money loans.
In the hard money loans industry, Lantzman Lending leads the pack.
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Types of Commercial Properties We Finance
Our San Jose commercial hard money loans can be applied to a wide variety of commercial properties, whether residential or business, including:
Multi-family Residential Properties in San Jose
We finance in several areas within San Jose that are known for having a high concentration of multi-family residential buildings, including apartments and condos. As commercial hard money lenders in San Jose, we can fast-track your investment projects so you can start earning faster.
San Jose Office Buildings and Executive Suites
We service the office building districts in San Jose. These neighborhoods are home to many high-rise office buildings, corporate headquarters, and medical offices as well as a variety of retail shops, restaurants, and other amenities. As private commercial lenders, we can help you gain a foothold in the San Jose corporate infrastructure with hard money commercial loans.
San Jose Retail Properties
The retail districts in San Jose are home to a variety of retail shops, restaurants, bars, and entertainment venues, making them popular areas for tourists and residents alike. We finance in these areas, allowing you to take advantage of fast, hard cash capital to increase your future investment revenue.
Industrial and Warehouse Properties in San Jose
Industrial neighborhoods in San Jose house a variety of industrial businesses, including warehouses, distribution centers, and manufacturing facilities. They are also located near major transportation routes, making them ideal for businesses that require easy access to transportation infrastructure.
We facilitate hard money commercial construction projects, such as industrial, manufacturing, and warehousing properties in these districts for large-scale business ventures.
Hotels, Motels, and Restaurants in San Jose
Lantzman Lending finances San Jose investments in hotels, motels, and restaurants within the city. These neighborhoods are popular with tourists and are home to a wide variety of hotels, motels, and restaurants, ranging from budget-friendly options to high-end luxury establishments.
Lantzman Lending is an expert and trustworthy commercial hard money lender in the San Jose area. We have expert knowledge of the local landscape, which we rely on to make the lending process as simple as possible for local entrepreneurs and investment property owners.
No matter what kind of property you’re interested in, we offer Fix-n-Flip or Rehab, Construction, Refinance or Commercial loans. Our hard money commercial loans are designed to fit your needs with up to 65% of current fair market value, 2.0 – 3.5 points on most 6-18 month loans and interest from 8.99% depending on LTV. We also offer Cash Out Refinance that requires a Use of Funds letter and must be used towards business purposes.
Direct Private Commercial Lenders For San Jose Investors
We’re direct private commercial lenders in San Jose, which means that the money we use to fund our loans is our own and is readily available so you can get the money you need when you need it. Unlike some lenders who have to raise money to fund their loans or find a direct lender to finance loans, we are ready to finance with our money. As a direct hard money source, we can have your application turned around and commercial hard money in your hand in as little as three days.
When you need funding for a commercial property, that kind of speed can make all the difference, especially if more than one potential buyer is interested in the same property. It’s worth remembering that hard money commercial loans are based on the after-repair value of the property rather than its actual value. You can get a loan set up in a matter of days. With interest-only monthly payments and a larger balloon payment at the end of the term, you’ll be able to secure that investment now.
Lantzman Lending offers the following commercial hard money loans to real estate investors in San Jose:
Why Opt For Commercial Hard Money Loans
vs. Conventional Bank Loans?
A business might opt for commercial hard money loans vs. conventional bank loans in San Jose for several reasons:
Overall, commercial hard money loans can be a viable alternative to conventional bank loans for businesses in San Jose that have credit issues, need funding quickly, are purchasing unique properties, or have short-term financing needs.
FAQ’s
What are commercial hard money lenders?
Commercial hard money lenders are private loan lenders. This means we work with you directly to obtain the hard money commercial loans you need to finance your large-scale investment projects such as industrial, multi-family real estate, and hospitality business ventures. Commercial hard money lenders are not banks. We finance using our own hard money capital, meaning there’s less likelihood of being rejected.
What are commercial hard money loans?
Hard money commercial loans are short-term loans that are secured based on assets rather than credit scores or financial history, so there’s less likelihood of being rejected. As commercial hard money lenders, we make sure you’ll still be able to secure a loan to acquire a property that can eventually become a long-term source of income or provide income right away from a fix-and-flip sale.
Who do you help?
We’re ready to handle a wide variety of transactions for any kind of borrower as commercial hard money lenders, whether you hold a Title in a company entity (LLC, Corp, Trust, etc.) or personal name. We’re also open to working with brokers, so you don’t have to miss a beat in your transaction because we know how important it can be to get the money you need quickly.
Are you direct private commercial lenders?
Yes, we are direct commercial hard money lenders, which simply means that the money we fund our loans with is our own and is readily available. Some lenders have to raise money to fund their loans. Or they have to go out and find a direct lender to fund their loans because they don’t have the money to fund the loans themselves. We use our own money, which means you can get your commercial hard money faster with commercial hard money lenders than you would with traditional bank loans.
Do you fund trustee sales?
Lantzman Lending does fund trustee sale purchases as commercial hard money lenders by way of refinance. Lantzman Lending does not give investors money to purchase at the trustee sale. Instead, once an investor is the winning bidder on a property at the trustee sale, the investor should submit a loan application immediately. This allows us to open escrow so that when the trustee’s deed is obtained by the investor, funding happens within a few business days.
What if I have bad credit or a foreclosure on my record?
If you have a low credit score, Lantzman Lending may still fund your loan. Our primary funding criteria are based on equity in the real estate.
Much like credit score issues, your foreclosure record alone will not dictate your application approval. The number one reason people are denied is lack of equity in the real estate.
Will you roll costs into your loan?
Lantzman Lending may roll some of the repair and loan costs into the loan if the LTV remains under 65%. It is our goal to make both the private lender and borrower successful in every transaction. Our reputation for accomplishing this goal as commercial hard money lenders has allowed us to continually grow, even in tough markets.
How quickly can you get the commercial hard money to me?
As a direct hard money source being commercial hard money lenders, we have the ability to move quickly and we don’t need to do a detailed check of your financial history and credit score like most banks. All we require is a one-page application to get started and we’ll return a quote to you within 24 hours. Most loans can see a turnaround within 4-5 days, but in some cases, we can get commercial hard money to you in as little as 3 days.
What is the process for getting commercial hard money loans?
Whether we’re dealing directly with a borrower or working with a broker, the steps in the loan process are the same:
1. You submit a loan application either online or via email.
2. We reply with a quote within 24 hours of receiving your application.
3. We contact Escrow and handle all paperwork.
4. We wire the money directly to Title after all the documents have been signed.
It’s that simple. Since we’re offering commercial hard money loans that are based on assets, we can move quickly and tailor your loan to fit your specific needs. In this way, working with commercial hard money lenders is a more flexible option.
What states do you serve besides California?
In addition to commercial hard money loans in California, we also serve Texas and Nevada as commercial hard money lenders, although any loans outside of California must be made or arranged by a mortgage broker who is qualified in that state.
To learn about hard money loans see our “Guide to Hard Money Loans” and our “Guide to Rehab and Construction Loans“.
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