Commercial Hard Money Loans for Your Short-Term Capital Needs
When we talk about "Hard Money" in the commercial world, we are normally talking about opportunity costs. There is an opportunity that exists and we want to jump on it while it is still available before someone else does. We may also be talking about a scenario in which we have to bridge a gap between where you are right now and where you want to go. That is why hard money loans are sometimes referred to as bridge loans. They are in essence the same type of financing a commercial business can take advantage of including when they flip homes or office buildings.
Banks usually look at the last three years of financials to see if there is proper cash-flow and collateral needed to fulfill their lending requirements for a project. When the financials are not currently sufficient or have not been sufficient for a long enough time period to appease the bank this will usually result in a turn-down. This is exactly why "hard money" commercial financing exists.