Whether you are a commercial real estate mortgage broker or a residential mortgage broker, a Hard to Fund commercial real estate loan request will end up on your desk sooner or later. When they do, there are 2 questions to consider:

1. Does this loan fall into the category for needing a non-conforming lending solution?
2. Who will be competitive in funding this type of loan?

Answer 1: Creative lending solutions are needed for borrowers who have low credit scores, low income, no cash flow or are in need of a quick closing! These types of loans are also good in dealing with raw land or property that is not quite finished or in need of remodeling.

Answer 2: Olympic Coast Investment, Inc. is a non-conforming, unconventional commercial real estate lender who thinks outside the box to get deals done! Rates for these types of loans run competitively from 10% - 15%, with points ranging from four to 10.

A developer is about to finish his project and turns up short on cash OR he has run out of time and is about to be foreclosed on. A hard money lender can refinance the loan in as quick as two weeks and can possibly set aside an interest reserve. This would allow the borrower time before his first payment is due and/or it could put cash in his pocket to finish up the project.

A conventional lender has a borrower that falls just outside of their parameters. This could be the scenario because of the borrower, himself, or because of the real estate in question. The borrower may have low cash flow, a low credit score or low income OR the real estate may be undeveloped raw land, not completed or in less than perfect condition. The conventional lender is faced with two options: Tell the borrower “I’m sorry, but I cannot help you in this situation” OR tell the borrower, “Your needs in this particular situation fall just outside of my lending parameters, but there may be a positive solution for you at Olympic Coast Investment, Inc., an unconventional, private money lender”.

A real estate lawyer has a client that is about to go into bankruptcy or some other financial crisis. If the client has equity in a property, a loan from an unconventional, private lender like Olympic Coast Investment, Inc. could secure the client’s financial crisis. With property of some type as collateral, OCI can lend your client the money he needs for business and/or investment purposes.

A real estate agent has a client that wants to take advantage of a good opportunity quickly, before the seller is influenced to raise the price of his property. Educating the client on creative and fast funding solutions provided by Olympic Coast Investment, Inc. could mean a quickly closed deal AND a nice referral fee awarded to the real estate agent!

Similar to conventional lenders, bankers often come across clients whose borrowing needs can only be met by unconventional solutions found outside of the bank’s lending parameters. Many circumstances surrounding either the borrower or his needs could contribute to the necessity for finding funding elsewhere. A banker is faced with two options: Tell the borrower, “I’m sorry but I cannot help you in this situation” OR tell the borrower, “Your needs in this particular situation fall just outside my lending parameters, but there may be a positive solution for you at Olympic Coast Investment, Inc., an unconventional, private money lender”. With NO prepayment penalties, OCI is a good choice for short term financing that will enable a borrower to get into a bankable position. OCI celebrates bankers that allow us to help their clients!