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What Is Hard Money And How To Apply For It - With No Upfront Fees

They have developed this article is assist prospective clients in understanding; what hard money is and the application process to have a timely financing. 248-246-2243

Feb. 19, 2012 - PRLog -- What Is Hard Money And How To Apply For It - With No Upfront Fees

Winston Rowe & Associates is a no upfront fee national private capital firm that specializes in hard money commercial loan solutions. They have developed this article is assist prospective clients in understanding; what hard money is and the application process to have a timely financing.

For additional questions concerning the hard money process for commercial real estate financing, you can contact Winston Rowe & Associates at 248-246-2243 or visit them on line at http://www.winstonrowe.com

As a private capital firm, Winston Rowe & Associates runs into lot of situations with people who submitted their applications and then they don't do anything else and do not get their loans in a timely manner.

First, what is hard money? The answer is hard money; which is also known as private capital or private money. Is a group of private investors that pool their money to make commercial real estate loans to other real estate investors or developers who can’t obtain financing from a traditional bank because their real estate investment or future development is too high risk. These loans are typically for short terms of 1 day to 2 years with interest rates starting at 10% interest only.

The key of getting fast hard money loan regardless what lender or consultant you are working with is to get the documentation required for getting a hard money loan in a fast manner, regardless of who is going to do this hard money loan for you. If you want to get it done on quick basis, definitely you need to work on the required documentation by hard money investors that they are going to require before you close.

Now another question arises; what private money lenders need in terms of documentation? Typically they are going to need some of the following documents.

An application or intake document
YTD Profit & Loss (P&L)
Last 3 Years Profit & Loss Statements (P&L)
Last 3 Years Business Tax Returns
Last 3 Years Personal Tax Returns
Schedule E's or 8825’s
Buyers Tri Merge Credit Report For All Principles
Business & Personal Bank Statements
Personal Financial Statement All Principles

Once you submit the application or intake form the next step in the hard money loan is to actually have an evaluation done on the property where somebody goes and determines what the property is worth actually or determines how much they are going to lend you on the property in case you are going for Rehab Loans.

So while as a real estate investor are going to choose a hard money loan, you need to do quickly and comprehensively complete the lenders supporting  documentation in order to get the loan done by your hard money lender. So, any delay in documentation is the will cause the delay in getting a quick hard money loan.

Winston Rowe & Associates understands that in this business very few funding requests will fit neatly in a box and therefore we look forward to working with you to identify a unique deal structure that can benefit from their hard money loan programs.

Eligible Property Types For Hard Money Loans Include:  

Mixed Use
Nursing Homes
Senior Apartments
Assisted Living Facilities
Shopping Centers
Truck Stops
Office Buildings
Golf Courses
Manufacturing Facilities

Winston Rowe & Associates also has an excellent knowledge based free investor resource for commercial property valuation and analysis located at:


Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082

Winston Rowe & Associates has no upfront fee hard money loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

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In today’s banking climate many commercial real estate owners have been approached by their current lender to discount their current commercial real estate mortgage or have just completed Debtor in Possession Chapter 11 proceedings.

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Contact Email:
***@winstonrowe.com Email Verified
Source:Staff Writer
Location:St. Clair Shores - Michigan - United States
Industry:Finance, Loans, Real Estate
Tags:Hard Money, Loans, Business, Money, Finance, Real Estate, Banks, Mortgage, No Upfront Fees, Commercial Property
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