Quote Originally Posted by omegafund View Post
True. And if the merchant had sufficient equity in non owner occupied property he could get a much better loan even with hard money with monthly payments and much longer terms.
In some cases that is correct. We are not looking for standard commercial deals. We are looking for the tough "hard money" deals. Second position liens on owner-occupied, 4th TD on commercial properties, funding as quickly as 1.5-2 weeks, and dealing with nearly any credit profile. Hard money simply cannot fund those types of deals, which is why we have such a strong niche.

Also, we pay up to 8 points, rather than the standard hard money payouts of 2-4 points.