Obtaining a Commercial Hard Money Loan after the Real Estate Market Crash | Riverdale Funding

Obtaining a Commercial Hard Money Loan after the Real Estate Market Crash

May 17, 2016


Following the the real estate market crash, the actual value of properties came to light.

Having seen the bottom of the market, individuals and corporations making hard money loans have gained confidence. For example, Riverdale Funding has doubled its hard money lending limit from $2.5 million to $5 Million. Additionally, it is great time for private investors and corporations to begin obtaining property, and they can take advantage of hard money loans to finance their projects.


Definition of Hard Money Loans

Commercial hard money loans are offered to real estate investors, businesses, and mortgage brokers based on the value of the real estate asset they plan to purchase or refinance. The formula for hard money loans is simple., the borrower must be buying property with a value that is sufficient to cover the amount of the loan.

As a result of this requirement, most hard money loans have a maximum loan of 65% of the value of the property. By loaning a borrower a portion of the value of the property, the lender is ensured that if the borrower defaults on the loan, taking possession of the property and subsequently selling the property will ensures that a large portion–if not all– of the money lent is recovered.


Advantages of Commercial Hard Money Loans

Hard money loans are great for individuals and companies that are confident they can succeed with a little help, but they can’t get a conventional commercial loan.


Not that Uncommon of a Practice

While it may seem like the stakes are high for a corporation that applies for a hard money loan, in reality, there’s nothing incredibly unique about them. In fact, individuals unwittingly have their property leveraged all the time.


Applying for a  Commercial Hard Money Loan

Riverdale Funding, LLC offers hard money loans to owners of commercial properties throughout most of the United States, on various commercial property types, including:

  • Apartment Buildings
  • Retail properties
  • Mixed Use
  • Investment 1-4 family properties in a corporate or LLC name
  • Office Buildings


Riverdale can provide commercial real estate loans to those with Impaired credit and undocumented financials.  Interested?

Apply for a hard money loan from Riverdale Funding LLC today.