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What is commercial real estate?

Any property that is used for business purposes can be classified as commercial. In other words, if you use your property to generate income, for example, you rent it out, use it as an investment, or for anything else other than your private house, it can be regarded as commercial real estate.

How are commercial hard money loans different from bank financing?


Bank Renew Capital
Basis for Loan Approval Credit history, earnings, financial statements, tax returns, etc. Commercial Real Estate Property
Lowest FICO Score Usually 700+ We do not consider this
Required Documents Important A little info on the property
Up-front Payments Various Inspections,
application fees, appraisal, etc.
Zero
Loan Committee Mandatory None
We call all the shots
Loan Money Processing Up to 3 monthss Usually, less than 10 days

Renew Capital is a commercial hard money lender from California that offers creative, custom approaches and provide aggressive funding investors. We handle both purchase and refinance transactions for all types of commercial/income producing properties. Properties can include:

  • Retail: malls, stores or shops
  • Office: office buildings, service offices
  • Multifamily: apartments, condominium complexes
  • Leisure: hotels, restaurants, cafes, sports facilities
  • Healthcare: medical centers, hospitals, residential care facilities
  • Industrial: warehouse, flex/R&D properties
  • Miscellaneous: self-storage developments, land
commercial hard money loans
To apply for a commercial hard money loan with Renew Capital, please fill in the application online, and we will swiftly review and underwrite your request. We understand that as a business owner, you may be in a position where you need to make decisions fast and close the deal in the shortest time, so you can move on to growing your business and building your enterprise.

As the leading commercial hard money lenders in Los Angeles, we offer some of the most reasonable rates in the current market conditions. We also consider the potential of the commercial property.

By taking the subjectivity out of the process, we are able to tell you what it will take to close and ready to partner with you to achieve the best outcome for your investment. We put more emphasis on the equity of the subject property, and not as much on criteria such as creditworthiness.

We Go Beyond Your Typical Lender

RENEW CAPITAL GENERAL LENDING PARAMETERS for 1nd TRUST DEEDS


INTEREST RATES STARTING AT 7.99% interest only
LOAN TO VALUE 60% LTV
COMBINED LOAN TO VALUE 75% CLTV (Refer to 2 nd Trust Deed Parameters)
LOAN AMOUNTS $50,000 – $2,000,000
ORIGINATION FEE 0.50 – 2.0 points, depending on loan size and term
LOAN AMOUNTS $50,000 – $20,000,000
ORIGINATION FEE 2.0 – 4.0 points, depending on loan size and term
EVALUATION/PROCESSING FEE $995
LOAN MATURITIES 1 to 24 months (extensions available)
LOCATION California only
TYPES OF LOANS Acquisition, Refinance and Cash-Out
TYPES OF PROPERTIES Business Purpose and Non-Owner Occupied residential, multifamily, retail, office, industrial, vacant buildings and entitled land
LIEN POSITION First Trust Deeds
PERSONAL GUARANTEE Required
PREPAYMENT PENALTY 0 – 6 months upon loan approval

RENEW CAPITAL GENERAL LENDING PARAMETERS for 2nd TRUST DEEDS


INTEREST RATES STARTING AT 10.99 interest only
COMBINED LOAN TO VALUE 75% CLTV
LOAN AMOUNTS $50,000 – $2,000,000
ORIGINATION FEE 2.0 – 4.0 points, depending on loan size and term
LOAN AMOUNTS $50,000 – $20,000,000
ORIGINATION FEE 2.0 – 4.0 points, depending on loan size and term
EVALUATION/PROCESSING FEE $995
LOAN MATURITIES 1 to 24 months (extensions available)
LOCATION California only
TYPES OF LOANS Acquisition, Refinance and Cash-Out
TYPES OF PROPERTIES Business Purpose and Non-Owner Occupied residential, multifamily, retail, office, industrial, vacant buildings and entitled land
LIEN POSITION Second Trust Deeds
PERSONAL GUARANTEE Required
PREPAYMENT PENALTY 0 – 6 months upon loan approval

Recently Funded Projects

Vision Transformed into Reality

Dennis D.

  • Loan Amount: $369,000.00
  • Loan Type: Refinance
  • Property Type: Industrial
  • Loan-To-Value: 60%
  • Term: 4 months

Antonova A.

  • Loan Amount: $589,500.00
  • Loan Type: Refinance
  • Property Type: Industrial
  • Loan-To-Value: 60%
  • Term: 6 months

JJ Z.

  • Loan Amount: $500,000.00
  • Loan Type: Refinance
  • Property Type: Industrial
  • Loan-To-Value: 60%
  • Term: 12 months

Scott J.

  • Loan Amount: $1,300,000.00
  • Loan Type: Refinance
  • Property Type: Industrial
  • Loan-To-Value: 60%
  • Term: 12 months

JJ Z.

  • Loan Amount: $750,000.00
  • Loan Type: Refinance
  • Property Type: Industrial
  • Loan-To-Value: 60%
  • Term: 12 months

Scott J.

  • Loan Amount: $1,250,000.00
  • Loan Type: Refinance
  • Property Type: Industrial
  • Loan-To-Value: 60%
  • Term: 12 months

Andrey V.

  • Loan Amount: $2,801,000.00
  • Loan Type: Refinance
  • Property Type: Industrial
  • Loan-To-Value: 60%
  • Term: 24 months

Michael N.

  • Loan Amount: $100,000.00
  • Loan Type: Refinance
  • Property Type: Industrial
  • Loan-To-Value: 60%
  • Term: 12 months

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