Educational information only, not legal, tax or financial advice. Examples and calculations may contain errors; verify them with your own advisors. Advertised starting rates are annual interest, not APR; one point equals 1% of the loan amount. Other fees and costs may apply, and all financing is subject to underwriting.
Why commercial investors use private money
Banks want stabilized income and long approvals. A commercial hard money loan lets a sponsor close an acquisition, cure a vacancy problem or take out a maturing loan now, then refinance into bank or agency debt once the property qualifies.
Property types
Crosby Lending considers multifamily, mixed-use, retail, office, industrial, hospitality and land with a clear plan. Each asset is reviewed on its own merits: location, condition, current income and the business plan.
How underwriting works
The lender asks three questions: what is the property worth today, what is the plan to increase or protect that value, and how will the loan be repaid. Clear answers with supporting documents — rent roll, T-12, budget, comparable sales — speed everything up.
Terms to expect
Loans from $100K to $50M, leverage up to 65%, rates from 9% and origination from 1 point, interest-only for 6 to 36 months. Terms are indicative and depend on underwriting.
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