Louisiana Commercial Real Estate Loans - Call us (504) 527-1904
What kind of loans are available for real estate?
Fixed-rate conventional mortgages are the most common type of home loan. Unlike other types of mortgage loans, you can use a conventional mortgage to buy most types of residential properties. Conventional loans have stricter credit score and debt-to-income ratio qualifications.
How do real estate hard money loans work?
A hard money loan is a way for you to borrow money for real estate without using traditional mortgage lenders. Instead, the funds come from individuals or investors who lend money based primarily on the property you're using as collateral.
What is the 2% rule?
The 2% rule is an investing strategy where an investor risks no more than 2% of their available capital on any single trade. To apply the 2% rule, an investor must first determine their available capital, taking into account any future fees or commissions that may arise from trading.
COMMERCIAL REAL ESTATE LOANS
We've built a solid reputation in real estate lending, particularly for the commercial sector. Our seasoned team of lenders will help you design and put together a custom financing package that really fits.
What are Hard Money Rental Loans in Louisiana ?
A hard money loan is a form of short-term lending that is backed by the property, not your creditworthiness. Instead of focusing on your credit score, Curbie & Bessie Capital focuses on your property’s after repair value. This value is essentially your asset that is then used to estimate what the property is worth. The term “hard” money means your lender is underwriting the loan on this hard asset – your property. As a borrower, you will not need to worry about putting a large amount of money down upfront as you would in a traditional loan you may receive from a Louisiana bank.
What are other benefits of a hard loan in Louisiana? When you complete a hard money loan with Curbie & Bessie Capital , they tend to close much faster than traditional loans, and you won’t need to dig up your tax returns or deal with other banking issues as you would if your credit was on the line. Have you already found a lucrative real estate option in Louisiana and want to close quickly? If the answer is yes, then a hard money loan may be perfect because of its main benefit – it is convenient.
Some investors have trouble getting funds because they have a large number of outstanding loans, but Curbie & Bessie Capital can help leverage these real estate investments with a hard money loan. And, if you have already been turned down by a Louisiana bank because many conventional banks shy away from rehabilitation projects or properties that may be distressed, a hard money lender like Curbie & Bessie Capital will provide 100% of the purchase and repair cost.