Commercial Hard Money Loans – Debunking The Myths

While commercial hard money loans might sound as if they come out of a Mafia movie, there is nothing dangerous or especially risky about being granted one of the many commercial loans that are on offer by the different independent financial institutions.What are Commercial Hard Money Loans?The word ‘hard’ can be misleading for many people who are applying for this sort of financing. All that it means is that the loan is guaranteed by an asset or a piece of immovable property. The loan will be granted on the strength of the value of the asset in question. Many developers use these type of loans when they are attempting to develop a piece of land into a commercial property that has investment potential as well as the potential of future earnings that will more than cover the loan amount.The value of these loans is that they are usually funded by private investors. It is worthwhile finding a company who is able to match up potential investors to loan applicants. They will ensure that the loan is completely legal as well as being secured by the property itself and not the personal assets of the owner. Most of the private investors in America today are likely to be private firms who consider that issuing commercial hard money loans is a way of doing business that guarantees them a substantial return on investment. These loans are not usually granted over an extended loan term.This type of loan is not like a conventional mortgage that is repaid over 30 years. The term is usually between 1 and 5 years and the interest rates are much higher than a conventional loan. While the top end of the scale of interest rates can reach up to 15 % it is still a way of obtaining finance for an investment without having to wait for months or go through an extensive process of paperwork and credit checks.It is always wise to remember that commercial hard money loans will not cover the full value of the property and it is unusual to find any commercial hard money lender that will over about 60% of the value of the property. If you are buying property then you will have to fund the difference from another source or be prepared to fund it yourself. Commercial hard money loans are granted based on a logical and achievable plan to pay the money back on time and most commercial hard money lenders will need to see a considerable amount of property related experience.They will not be inclined to lend money to first time investors, unless the risk is very low. Commercial hard money loans are a solution to investment opportunities that many banks have refused due to the economy.

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15 Great Metal Garden Furniture Tips

Buying1. Before you buy a metal patio set, make sure you accurately measure your designated space. You’ll want about 90cm (3ft) of space around the table to accommodate chairs and people. This will allow people to walk around the table even when others are seated.2. Consider how you intend to use your metal garden furniture. How many people do you need it to seat? Do you do lots of entertaining? Square tables are more practical and will fit neatly into your space. Round require a lot more room and can look odd in an uneven shaped area. However, they are much better for entertaining, everyone can see each other.3. Think about your style. Do you prefer a more formal dining setting or an informal environment? Does your garden lend itself towards any particular theme, such as contemporary or rustic? If money were no object, what would be your ideal look? This will help you choose the most fitting metal garden furniture for your tastes and lifestyle.4. If you’re considering a glass top, tempered glass is safer. Fused glass is easier to maintain than transparent as the latter shows finger marks and needs more cleaning.5. Make sure your metal garden furniture is galvanised or zinc coated to protect against the elements, this will keep maintenance to a minimum later on.6. If you buy online, don’t be disappointed and choose a reputable, well established company, preferably a specialist. The quality of metal garden furniture can vary immensely. One of the main reasons for choosing metal is because of its durability. Lower quality furniture will rust and welded joints will corrode so don’t be swayed by a bargain.Accessorising7. Many people are reluctant when it comes to metal furniture as they see it as harsh, cold or even clinical. Cushions, outdoor rugs, drapes and other soft furnishings will help soften the look and feel of your metal garden furniture.8. When choosing cushions and other accessories to adorn your metal garden furniture, pick out one colour from your existing plants, flowers or foliage. When you buy accessories to match that colour, it will help the furniture blend in with the rest of the garden.9. Incorporate other metal or wrought iron accessories into your outdoor space such as lanterns, planters or wall art. Again, this will tie in the furniture with the entire garden.10. Accessorising will depend on the style of metal garden furniture you’ve chosen and any theme you wish to create. A contemporary garden is minimalistic so don’t overdo the accessories and let the furniture itself do the talking, select bold coloured cushion covers and perhaps choose a feature piece to add another point of interest.11. If elegance is what you’re aiming for then candelabras, ornate planters and even a metal mirror will look stunning. Use white or cream soft furnishings and twinkle lights to add a touch of romance.12. Wrought iron furniture in a rustic style garden offers endless possibilities for accessorising. Whether it’s Victorian, country cottage, Old-world Tuscan or even the ancient Orient, you’ll be able to find wrought iron pieces that complement your furniture and theme. Use wrought iron ornaments, wall planters, hanging baskets, lanterns and sconces to decorate your space.Maintenance13. Regular cleaning is simple, just wash wipe it with down with a soft damp cloth soapy water and dry thoroughly.14. Quality modern metal garden furniture is normally treated with advanced anti-rust technologies so it is rust-resistant. If you do experience a problem, rust can be rubbed away with a wire brush but be gentle. Always do a test piece first and check the manufacturer’s instructions beforehand.15. If your own old metal garden furniture that is painted, you may experience scratches or chips; simply sand the area down and touch up with metal paint.

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