Posts by North Woods
How to Get a Short-term Commercial Real Estate Loan
Compared to other loans, short-term commercial real estate loans can be issued very quickly. Depending on the nature of the loan, the entire process of applying, being approved, and receiving funds can take as little as 10-20 business days.
Read MoreWhat is a Hard Money Loan?
Hard money loans are a type of short-term loan commonly used in real estate transactions. As opposed to “soft” money loans that come from banks, hard money lenders are typically individuals or lending companies more comfortable with a riskier loan. The reason they’re considered “riskier” for lenders is because, while they do sometimes involve a…
Read MoreWhat is a Bridge Loan?
A bridge loan might be the right option if you need to finance a commercial real estate purchase or refinance an existing commercial real estate property.
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