Commercial Hard Money Loans2024-02-20T14:24:22-05:00

Commercial Hard Money Loans

Your DIRECT Commercial Hard money Lenders

Commercial Hard Money Loans with funding in as little as 10 days, Low FICO Minimum, Super Easy Closings.

Lending available in Georgia, Florida, North Carolina, South Carolina, Tennessee, Texas & Virginia.

Our hard money commercial real estate loans are designed for property investors that need FAST, easy and flexible financing solutions for their commercial real estate deals including new construction, multifamily, small business & business acquisition.

Paces Funding stands out as one of the best commercial hard money lenders across multiple states. We are an asset-based hard money lender meaning we use our own funds to finance your commercial hard money loan, giving us with the flexibility to work with you and customize the loan terms to fit your needs.

No Obligation. Responses as fast as 24hrs!

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Paces Funding: FAST Commercial Hard Money Loans

With a response in as little as 48 hours and funding as fast as 10 days, Paces Funding stands out as one of the best choices in commercial hard money loans. What gives us the edge over other commercial hard money lenders? We use our own funds for every loan giving us the ability to custom tailor every loan so we can work with you to get terms that truly match your financial needs making Paces Funding unique in that we are a true DIRECT asset based commercial hard money lender.

We know commercial hard money loans, so you get the benefit of an entire team on your site when you work with us on your project. We work harder AND smarter so that you have every advantage from the start.

We offer variety of construction hard money loan products designed for most commercial real estate investors including multifamily, commercial construction, small business, business acquisition. Additionally we offer many types of residential hard money loans including new construction hard money loans, residential hard money loans, cash out home equity loans, fix and flip hard money loans, rehab hard money loans & hard money loans for real estate investors. Whatever your need, Paces Funding is the commercial hard money lender that can help you succeed in all of your real estate goals.

Commercial Hard Money Loan Terms

Renovate, rehab and resell your property with a hard money loan.

  • LOW Credit Minimums
  • NO Prepayment Penalty
  • Loans to Company or LLC
  • 11% – 14% Interest Rates
  • Loan fee of 2.75-4.5 Points

  • Term – 12 Months

  • $0 Doc Fee
  • Loans from $50,000 to $5,000,000

  • Interest only payments

  • Up to 70% ARV

  • Lenders Title Policy Required
  • Close in 2 weeks

Commercial Hard Money Loan Terms

Renovate, rehab and resell your property with a hard money loan.

Guidelines

  • LOW Credit Minimums
  • NO Prepayment Penalty
  • Loans to Company or LLC
  • 11% – 14% Interest Rates
  • Loan fee of 2.75-4.5 Points
  • Term – 12 Months
  • $0 Doc Fee
  • Loans from $50,000 to $5,000,000
  • Interest only payments
  • Up to 70% ARV
  • Lenders Title Policy Required
  • Close in 2 weeks

Why Choose Paces Funding as your Commercial Hard Money Lender?

Paces Funding’s commercial hard money loan programs are carefully crafted to address the financial requirements of real estate deals requiring FAST, easy, and flexible solutions. As a prominent asset-based commercial hard money lender in Georgia, Florida, North Carolina, South Carolina, Tennessee, Texas & Virginia we believe in fostering a long-term relationship with you, placing your success above all.

Discover the flexibility of our hard money commercial real estate loans designed for multiple loan needs including multifamily, small business ventures, new commercial construction, residential, new construction, home equity loans, fix-and-flip loans, rehab loans, and real estate investments. What’s more is that we are committed to being here for you from the start of your loan to the completion of your project.

FAST Turnaround

Competitive Rates

Asset Based Lender

Less Paperwork

Apply for a Commercial Hard Money Loan in 3 Easy Steps

1.

Application & Review

Get started by filling out our easy online loan application. Once we receive and review your completed application, one of our experienced loan officers will call you to discuss any additional information we may need. After the Application review, the next step is for you to submit your purchase contract and renovation list. During this step we will also provide you with a Good Faith Estimate to review and approve.

2.

Loan Processing & Underwriting

Once the Good Faith Estimate has been approved, we will then order an appraisal and title. Our project manager will visit the commercial property site with the borrower to go over the bid sheet and any construction that will be performed on the property.

3.

Closing & Funding

During the final step we will set up the closing with our preferred attorney and send over the closing instructions and documents along with the wire to fund the transaction. The borrower is required to provide the necessary property insurance prior to closing. That’s it! We make the process simple and fast and you can get funded in as little as 10 days from start to finish!

Don’t take our word for it!

Discover why people are saying that Paces Funding is the BEST Commercial Hard Money Lender!

So far I have completed 5 deals with Paces. They have been a great asset to my real estate investing journey. There were no hiccups with my funding or any closings

M Benton, Google Review

Project took me way longer than expected and they were able to see me through my entire process. I have experienced dealing with another hard money lender and they were real sharks. Thank you Paces Funding for putting me in position to never HAVING to use hard money ever again!

R.O.I Empire, Google Review

My company utilized Paces funding for 3 separate transactions. Within a two week period. Dean and his team were prompt, attentive and professional. All transactions closed without a hitch. We definitely recommend Paces Funding!

J R, Google Review

I’ve had a ton of lenders tell me they can perform… then back out 2 days before closing. However, that wasn’t the case here. Lance said he could make it work, and he did. We aren’t willing to work with a lot of hard money lenders, but Paces Funding is a team I’d work with again any day.

Matthew D, Google Review

We’ve executed 5 different loans with Paces since 2021. They have been a pleasure to work with. Lance in particular is on my speed dial and communicates thoughtfully and proactively to my team and me. We pride ourselves on doing good business throughout the changing market economics and we’ve appreciated Pace’s consistency in working with us.

Property Bros. & Sisters, Google Review

QUICK & EASY APPLICATION!

Get a quick response and funding when you apply online!

QUICK & EASY APPLICATION!

Get a quick response and funding when you apply online!

We Service MultiFamilyCommercial ConstructionSmall BusinessReal Estate InvestorFix-and-FlipCash-out EquityResidential Commercial Hard Money Loans

We are here to help!

For more information or to get started, get in touch with one of our helpful and knowledgeable hard money commercial real estate loan experts today.

Commercial Hard Money Loan FAQ’s

Understanding the difference between a commercial hard money lender and a regular commercial lender can be confusing. That’s why we’ve put together an easy  FAQ list to tackle the usual questions that pop up. Have a question not covered here? No problem! Our friendly loan experts are standing by to answer all of your questions big or small. Just give us a call at 404-814-1644. We’re here to chat and make sure you’re feeling confident about everything before starting your  journey!

How quick can you fund?2013-10-17T19:10:43-04:00

We have funded properties as quickly as 1 day. If there are no unusual circumstances (i.e. title issues, all required documents in hand), then the closing can proceed as soon as the appraisal has been completed and title is cleared. Usually this can be accomplished within 1 week to 10 days. You do your best and we will respond in kind.

Where do you loan?2021-09-28T11:49:19-04:00

We currently lend throughout the Southeast.  Other markets will be added soon. If you have a project in another market, contact us and we’ll discuss if we can lend on it.

Do you make permanent loans?2013-10-17T19:10:11-04:00

No, our loans are usually for a 12 month term or less, but we have arranged financing for more than 12 months in certain situations, particularly commercial projects. We do have permanent lending partners that will be able to assist with your long term needs on single family properties.

Why are your rates so much higher than banks?2013-10-17T19:09:54-04:00

We are a private lender with private money. We take risks that banks ordinarily would not and therefore charge a higher rate for the use of our funds. You will find that although the funds may cost more, it is less expensive than having a venture partner to finance your project.

Do you make personal loans?2013-10-17T19:09:36-04:00

No. We only make loans for commercial, business and investment purposes.

Will you finance commercial properties or apartments?2013-10-17T19:09:19-04:00

We will look at multifamily projects from 2 units to 200 and more. Bring us office buildings, retail, industrial, lots to be developed, and new construction.

Does my credit matter?2013-10-17T19:09:03-04:00

Yes, your credit is important to us, but there is no credit score requirement and it is not the most important factor in financing your project. Your ability to repay a loan as required, your investment in the property, the cost of the property and the value after repairs are also considerations in our decision to lend.

I’ve been turned down at banks, is it possible for me to get a loan from Paces Funding?2013-10-17T19:08:46-04:00

It is certainly possible. We are a private lender, and as such, are not tied to the myriad of regulations that banks must follow. We underwrite and make our own loans based upon our decisions and understanding of the marketplace and your particular property. Usually if the property is worth it, we will give your loan request serious consideration.

What do LTV and ARV mean?2013-10-17T19:08:29-04:00

These are acronyms for loan to value (LTV) – the value of the property in relation to the loan on the property and after-repaired-value (ARV) – the value of the property after all improvements or construction has been completed.

What is a “hard money” loan?2013-10-17T19:07:46-04:00

It has been incorrectly described as “hard” to find or “hard” to pay, but typically it is a secured real estate loan for investment purposes.  The property is often enhanced via renovations that improve the value.  The property is then sold or refinanced.  The property provides the security in the event  of default by the borrower.  We are most interested in creating long term relationships helping good borrowers successfully invest in real estate.

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