Posted by Wayne IL on October 21, 2003 at 09:23:12:
Yes . . . there are “hard” and “soft” hard money lenders for commercial construction loans. We tend to strongly favor “soft hard money” lenders so as to avoid 12% to 18% interest rates and equity participation. Send us your executive summary for review . . . if your credit is reasonably good, you should come out with acceptable terms.