Commercial Capital Worldwide Funding was founded with the recognition that the banking community was not meeting the capital needs of the small and mid sized business community. This fact remains true today. Banks, and other business lenders, have cumbersome lending processes that take weeks (if not longer) to process and they typically want to see your business plan, your tax returns and your personal financial statements. The approval rate to small business from traditional lending institutions is extremely low; and typically those that are approved are required to put up personal collateral as a condition to funding.
We are business people that understand your need for cash is a reality of doing business. But unlike banks, the reason you need the cash is not our concern, nor is your personal balance sheet.
Commercial Capital Worldwide Funding is a nationally recognized leader in commercial and small business market financing. We are leading the way in commercial lending of all types, including Business loans, commercial Real Estate Loans, Equipment Leasing, Sale Leasebacks, Heavy Equipment Leasing, and alternative financing. Through our business careers, we have funded many type of loan requests.
Commercial Capital Worldwide Funding, Inc.’s principals and executive officers have over 35 years of experience in business and real estate lending industry. The company was founded on the basis of providing innovative lending solutions, structured and transparent product offerings, exceptional service, and a direct lending platform.
It is the mission of Commercial Capital Worldwide Funding along with its affiliates to provide a true direct lending platform, offering defined and concise funding parameters you can rely upon for your non-prime residential and commercial funding needs. Our clients enjoy dealing with a bona fide portfolio lender that offers transparent lending programs and institutional funding capacity. At Commercial Capital Worldwide Funding, all funding, credit and operational decisions and processes are performed in-house.
Commercial Capital Worldwide Funding, Inc., provides large scale product availability with a boutique style service platform. Our clients enjoy institutional product offerings without the bureaucratic red tape typically associated with sophisticated lending platforms. The company was co-founded by Eugene Porter, Jr.,Ives Pieere and Marvin Wright, who bring with them nearly 35 years of experience in all facets of real estate lending. With them, they bring a cohesive management team, operational staff, and sales force; some of our team members have been together with our senior management for as long as 15 years. We understand that relationships and service provide the cornerstone for the firm’s continued success. Importantly, .
Commercial Capital Worldwide Funding is our portal to the broker and borrower community. Commercial Capital Worldwide Funding performs all facets of loan origination, including marketing, underwriting, processing, quality control and loan documentation preparation and review. Loans that meet our partners lending parameters and pass its underwriting process are funded by its in-house mortgage fund.
As a hard-money lender we provides short-term loans to individuals purchasing residential or commercial real estate. This financing is also available for land purchases and investors use a hard-money lender to acquire investment properties relatively quickly. A Hard-money lender is considered private lender, and do not use conventional standards to extend credit to borrowers. A borrower uses a hard-money loan as a temporary, short-term loan solution until he can acquire more conventional financing for the property.
Customary loans from financial institutions evaluate a borrower’s creditworthiness based on a borrower’s income, debt and credit history. Hard-money lenders rely heavily on the value of the property to determine lending standards. Because a hard-money loan is typically easier to acquire than traditional financing, the cost of the loan is considerably higher.
Hard-money loans are a good option for an investor who needs to acquire a property quickly or cannot get traditional financing. In addition, people with impaired credit who need money fast and can pay the high cost of borrowing are good candidates for hard-money loans. This type of loan may also be a viable option for individuals looking to avoid foreclosure. These individuals have turned their financial situation around, but still need cash to stop the foreclosure or at least get some additional time to sell the property. Foreclosure borrowers typically need to have at least 30 to 40 percent equity in their property to even qualify.
Since-hard money lenders are private lenders, their money comes from a variety of sources. Some hard-money lenders lend other people’s money, the same as a conventional financing institution. These small lenders use private individuals’ money to lend to investors and other borrowers who can’t qualify for traditional financing, and promise a high rate of return to the investor. Other hard-money lenders take on the lending responsibilities themselves, finding borrowers who are interested in financing and willing to provide a certain rate of return.
A typical hard-money lender will lend, on average, 65 percent of the after-repaired value of a property. The hard-money loan has to be in the first lien position, So individuals looking to borrow money to prevent foreclosure will have to borrow enough to pay off their original lender. Hard-money lenders only offer short-term loans that have a maximum loan term of two to three years.
We are business people that understand your need for cash is a reality of doing business. But unlike banks, the reason you need the cash is not our concern, nor is your personal balance sheet.
Commercial Capital Worldwide Funding is a nationally recognized leader in commercial and small business market financing. We are leading the way in commercial lending of all types, including Business loans, commercial Real Estate Loans, Equipment Leasing, Sale Leasebacks, Heavy Equipment Leasing, and alternative financing. Through our business careers, we have funded many type of loan requests.
Commercial Capital Worldwide Funding, Inc.’s principals and executive officers have over 35 years of experience in business and real estate lending industry. The company was founded on the basis of providing innovative lending solutions, structured and transparent product offerings, exceptional service, and a direct lending platform.
It is the mission of Commercial Capital Worldwide Funding along with its affiliates to provide a true direct lending platform, offering defined and concise funding parameters you can rely upon for your non-prime residential and commercial funding needs. Our clients enjoy dealing with a bona fide portfolio lender that offers transparent lending programs and institutional funding capacity. At Commercial Capital Worldwide Funding, all funding, credit and operational decisions and processes are performed in-house.
Commercial Capital Worldwide Funding, Inc., provides large scale product availability with a boutique style service platform. Our clients enjoy institutional product offerings without the bureaucratic red tape typically associated with sophisticated lending platforms. The company was co-founded by Eugene Porter, Jr.,Ives Pieere and Marvin Wright, who bring with them nearly 35 years of experience in all facets of real estate lending. With them, they bring a cohesive management team, operational staff, and sales force; some of our team members have been together with our senior management for as long as 15 years. We understand that relationships and service provide the cornerstone for the firm’s continued success. Importantly, .
Commercial Capital Worldwide Funding is our portal to the broker and borrower community. Commercial Capital Worldwide Funding performs all facets of loan origination, including marketing, underwriting, processing, quality control and loan documentation preparation and review. Loans that meet our partners lending parameters and pass its underwriting process are funded by its in-house mortgage fund.
As a hard-money lender we provides short-term loans to individuals purchasing residential or commercial real estate. This financing is also available for land purchases and investors use a hard-money lender to acquire investment properties relatively quickly. A Hard-money lender is considered private lender, and do not use conventional standards to extend credit to borrowers. A borrower uses a hard-money loan as a temporary, short-term loan solution until he can acquire more conventional financing for the property.
Customary loans from financial institutions evaluate a borrower’s creditworthiness based on a borrower’s income, debt and credit history. Hard-money lenders rely heavily on the value of the property to determine lending standards. Because a hard-money loan is typically easier to acquire than traditional financing, the cost of the loan is considerably higher.
Hard-money loans are a good option for an investor who needs to acquire a property quickly or cannot get traditional financing. In addition, people with impaired credit who need money fast and can pay the high cost of borrowing are good candidates for hard-money loans. This type of loan may also be a viable option for individuals looking to avoid foreclosure. These individuals have turned their financial situation around, but still need cash to stop the foreclosure or at least get some additional time to sell the property. Foreclosure borrowers typically need to have at least 30 to 40 percent equity in their property to even qualify.
Since-hard money lenders are private lenders, their money comes from a variety of sources. Some hard-money lenders lend other people’s money, the same as a conventional financing institution. These small lenders use private individuals’ money to lend to investors and other borrowers who can’t qualify for traditional financing, and promise a high rate of return to the investor. Other hard-money lenders take on the lending responsibilities themselves, finding borrowers who are interested in financing and willing to provide a certain rate of return.
A typical hard-money lender will lend, on average, 65 percent of the after-repaired value of a property. The hard-money loan has to be in the first lien position, So individuals looking to borrow money to prevent foreclosure will have to borrow enough to pay off their original lender. Hard-money lenders only offer short-term loans that have a maximum loan term of two to three years.
- LOIs within 24 Hours
- Loan Amounts From $100K to over $10M
- Finish Construction and Rehab on Multifamily
- Clear and Defined Matrices You Can Be Assured Of
- Terms from 6 months to 60 months
- No Prepayment penalty options
IDEAL TRANSACTIONS:
- Commercial – nationwide (except for NV, MI and VT); HARD MONEY AND ALTA BANK LOANS
o Multifamily
o Mixed Use
o Office buildings
o Groups of corporate owned Residential properties (state by state)
o Retail
o Light Industrial
o Warehouse
o Class A Mobile Home Park