Grobecker Holland International has partnerships with a wide array of hard money lenders who specialize in commercial and residential projects.
What’s the benefit of using a bank-alternative lender?
A local lender can sometimes fund as cash or be very competitive in seller-market conditions. Buyers then have the option of keeping the non-bank loan or refinancing with a traditional lender.
What types of loans do these bank-alternative lenders provide?
Programs starting from $50,000 to $50 million.
Who qualifies for bank-alternative loans?
All types of credit profiles. Non-bank lenders look at character, credit history and the collateral, but are more flexible thank banks regarding pervious short sales, foreclosures, or bankruptcy.