Florida Bad Credit Commercial Mortgage Lenders Options
As a REAL HARD MONEY LENDER, we focus on Loan-To-Value (LTV) and not credit scores. We only consider the current as-is value of any real estate asset – not its speculative future value.
Bad Credit Commercial Programs Include:
- Stop Foreclosure Refinance
- Bankruptcy Refinance
- Judgment Refinance
- Multifamily Residential Properties
- Late Payments
- Inheritance Cash OUT
We currently offer the following Real Estate Loan Programs:
- Purchase or Refinance
- Seller Carry to 100% CLTV – OK
- 50-55% LTV for Commercial Properties
- 60% LTV for Residential Properties
- Any Credit Score Qualifies
- $15 Million on Good, Clean Properties
- $5 Million Maximum on all Others
- We Require the Property to be in a Population of 35k+
The items below are needed to complete the loan process:
- Photo ID
- Lease Agreements
- Photos of the Property (Interior/Exterior)
- LLC Documents (Articles of Incorporation, EIN, Signed Operating Statement
- Voided Check
- BPO with REO America
- Credit Report – We Run at 1 Bureau Only – If the Broker has Recent Credit We Can Use That
Forms we need to be completed:
- Signed Letter of Intent / Borrower Authorization
- Signed Application
- Wire Instruction for Documents
- Evidence of Insurance in Name of Signature Capital Group LLC. We need a minimum loan amount and minimum coverage.
- Purchase Agreement (If Applicable)
Types of Commercial Bad Credit Mortgage Lenders
While trying to secure commercial property loans with bad credit, you’ll probably either face higher costs or shorter terms. However, some loans may be beneficial for you from both cost and time perspectives. Here’s a breakdown of the different types of financing to investigate if you have a low credit score:
- Hard money loans – While conventional bank loans are backed by credit scores, hard money loans are backed by collateral. That means risking an asset until you repay the loan. Hard money loans are usually easier to get with a greater degree of flexibility than traditional loans. Florida Hard Money Commercial lenders of such loans may be flexible with fees, terms, and restructuring opportunities.
- Private money loans – Another avenue for funding if you have bad credit is to seek a private money loan. Private money Florida mortgage lenders aren’t bound by as many regulations, so there’s less red tape involved. They share similarities with hard money lenders, except private lenders are less likely to issue penalties for late payments. The main disadvantage to a private money loan is that it usually means you pay a large down payment and a high-interest rate.
- Traditional bank financing – Bank loans are typically what investors turn to for financing real estate deals. A traditional bank, though, has strict policies on credit scores and will reject applications that don’t meet requirements. If you do get the loan, you’ll likely pay a higher interest rate than from a niche lender. A key benefit to traditional loans is they’re easy to get if you have a good credit score.
Taking steps that raise your credit score will give you wider financial options to consider. The best way to improve your credit score is to work toward paying off debts by a certain time to reach a goal. Some people choose debt consolidation to get back to good credit, but it can also make your financial situation worse. Building a savings account, creating an emergency fund, and planning a tight budget will put you in a better position to seek a traditional loan.
- CMBS loans – Commercial mortgage-backed securities (CMBS) loans are offered by banks to investors. The terms for these loans sold on the secondary market tend to be 5-10 years. CMBS lenders secure bonds based on pooling different commercial real estate mortgages together. The firm sells bonds to investors, who are paid back by the borrowers. These loans are usually more flexible, with lower interest rates than what traditional banks offer.
Overcome Bad Credit With Florida Mortgage Lenders
Even though bad credit can be a hurdle to securing commercial property loans for borrowers with bad credit, it’s still possible to get a cash advance from the sources listed here. You need to weigh the pros and cons before you sign up for any loan. At Florida Bad Credit Commercial Mortgage Lenders, we can provide you with commercial real estate loans without good credit. Apply now for a loan to get started!
Types of Commercial Real Estate Considered
Acceptable types of commercial real estate security include:
- Multifamily
- Retail
- Hotels / Hospitality
- Mixed Use
- Land
- Special Purpose
- Office
- Industrial
Bad Credit Florida Commercial Mortgage Lenders Property Types
- Antique shop
- Artist and photographic studios
- Bakeries, retail only
- Banks & financial institutions
- Barbershops & beauty shops
- Book, stationery, and newsstands
- City gov’t offices & facilities
- Community center
- Convenience stores without gasoline pumps
- Dive shop
- Drug store
- Educational Facilities:
- Public or private school
- Fire stations / police stations
- Florist and gift shops
- Food hall
- Food stores or
- specialty food stores
- Hardware
- Hobby and craft shops
- Home health agency
- Home occupations
- Laundromats and dry cleaning establishments for general retail trade, on-premises or off-premises cleaning; does not include distribution centers
- Massage therapist (licensed)
- Medical offices
- Office, business and professional
- Packaging, parcel & mail svc
- Pet stores and/or grooming
- Pharmacy
- Places of worship, with their attendant educational/recreational building, excluding schools
- Pools/spas, retail only, no outside display or equipment storage
- Post offices
- Printing & duplicating, retail
- Golf courses
- Libraries
- Parks, parkways, playgrounds
- Playfields, land resources
- Repair shops, minor services (i.e., shoes, jewelry, electronics, small appliances
- Restaurants, under 1,500 square feet
- Restaurants, Full-Service
- Tailoring shops
- Tobacco shops
- Travel agents
- Adult congregate living facility
- Adult daycare center
- Catering only
- Child care centers—Day nurseries and kindergarten
- Convenience stores with gasoline pumps
- Dance and music studios
- Data processing center
- Farm and garden supplies, including nursery stock, landscaping, garden center, sod, feed and grain
- Gymnastic/health spa facilities
- Utility buildings and facilities necessary to serve surrounding neighborhoods
- Adult congregate living facility
- Alcoholic beverage establishments
- Answering service
- Antique shop
- Appliances, sales, and service
- Apartments, condominiums, townhouses
- Artist and photographic studios
- AUTOMOBILE:
- Parts and supplies
- Bakeries, retail only
- Banks & financial institutions
- Barbershops & beauty shops
- Bed and breakfast establishments
- Bicycle, sales and service
- Boardinghouse
- Body piercing (State lic.)
- Bondsman
- Book, stationery, and newsstands
- City gov’t offices & facilities
- Civic club
- Clinics, medical / dental
- Contractor (business office only)
- Convenience stores without gasoline pumps
- Dance and music studios
- Dive shop
- Drug store
- Educational Facilities:
- Public or private school
- Employment agencies
- Fire stations and police stations
- Florist and gift shops
- Food hall
- Food stores or specialty food stores
- Funeral homes
- Furniture sales
- Government offices
- Gymnastic/health spa facilities
- Hardware
- Hobby and craft shops
- Home health agency
- Home occupations
- Hotels, motels, motor hotels, motor lodges, and tourist courts
- Interior decorating and window treatment
- Locksmith
- Massage therapist (licensed)
- Medical offices
- Micro-Brewery
- Micro-Winery
- Multifamily residential
- Office, business and professional
- Packaging, parcel & mail svc
- Pet stores and/or grooming
- Pharmacy
- Pools/spas, retail only, no outside display or equipment storage
- Post offices
- Printing & duplicating, retail
- PUBLIC:
- Cultural institutions
- Libraries
- Parks
- Parkways
- Playgrounds
- Playfields
- Land resources
- Radio, TV and electronic sales and service
- Repair shops, minor services (i.e., shoes, jewelry, electronics, small appliances
- Restaurants, delivery and/or carry-out, more than 1,500 square feet
- Restaurants, under 1,500 square feet
- Restaurants, Full-Service
- Retail, general (i.e., department, hardware, paint, wallpaper, sporting goods jewelry, computers, luggage, toy, wearing apparel stores)
- Rooming houses
- Tailoring shops
- Tattoo parlors (State Lic.)
- Theaters
- Thrift stores
- Tobacco shops
- Travel agents
- Upholstery
- Video rental store
- Adult daycare center
- Aluminum products, sales, and contractor
- Analytical chemist
- Auction houses
- Bioanalytical labs
- Catering only
- Child care centers—Day nurseries and kindergarten
- Clairvoyant, fortuneteller
- Coffee roasting
- Community center
- Educational Facilities:
- College or university
- Vocational school
- Equipment rental—Minor
- Equipment sales—Minor
- Janitorial service & supplies
- Kennels (inside boarding only)
- Laundromats and dry cleaning establishments for general retail trade, on-premises or off-premises cleaning; no distribution ctr
- Lawnmower, sales & service
- Limousine rental service
- Open air market
- Places of worship, with their attendant educational/recreational building, excluding schools
- Private clubs and lodges
- Produce stand
- PUBLIC:
- Utility buildings and facilities necessary to serve surrounding neighborhoods
- Utility structures
- Radio and TV broadcasting studios and offices, excluding towers
- Screen printing
- Short-term rental
- Taxi service
- Timeshare/interval ownership
- Transient lodging establishments
- Adult congregate living facility
- Answering service
- Antique shop
- Appliances, sales, and service
- Apartments, condominiums, townhouses
- Artist and photographic studios
- AUTOMOBILE:
- Parts and supplies
- Bakeries, retail only
- Banks & financial institutions
- Barbershops & beauty shops
- Bed and breakfast establishments
- Bicycle, sales, and service
- Boardinghouse
- Body piercing (State lic.)
- Bondsman
- Book, stationery, and newsstands
- City gov’t offices & facilities
- Civic club
- Clinics, medical / dental
- Contractor (business office only)
- Convenience stores without gasoline pumps
- Dance and music studios
- Dive shop
- Drug store
- Educational Facilities:
- Public or private school
- Employment agencies
- Fire stations / police stations
- Florist and gift shops
- Food hall
- Food stores or specialty food stores
- Funeral homes
- Furniture sales
- Government offices
- Gymnastic/health spa facilities
- Hardware
- Hobby and craft shops
- Home health agency
- Home occupations
- Hotels, motels, motor hotels, motor lodges, and tourist courts
- Interior decorating and window treatment
- Locksmith
- Massage therapist (licensed)
- Medical offices
- Micro-Brewery
- Micro-Winery
- Multifamily residential
- Office, business and professional
- Packaging, parcel & mail svc
- Pet stores and/or grooming
- Pharmacy
- Pools/spas, retail only, no outside display or equipment storage
- Post offices
- Printing & duplicating, retail
- PUBLIC:
- Cultural institutions
- Libraries
- Parks
- Parkways
- Playgrounds
- Playfields
- Land resources
- Radio, TV and electronic sales and service
- Repair shops, minor services (i.e., shoes, jewelry, electronics, small appliances
- Restaurants, delivery and/or carry-out, more than 1,500 square feet
- Restaurants, under 1,500 square feet,
- Restaurants, Full-Service
- Retail, general (i.e., department, hardware, paint, wallpaper, sporting goods jewelry, computers, luggage, toy, wearing apparel stores)
- Rooming houses
- Tailoring shops
- Tattoo parlors (State Lic.)
- Theaters
- Thrift stores
- Tobacco shops
- Travel agents
- Upholstery
- Video rental store
- Adult daycare center
- Alcoholic beverage establishments
- Aluminum products, sales, and contractor
- Analytical chemist
- Auction houses
- Bioanalytical labs
- Catering only
- Child care centers—Day nurseries and kindergarten
- Clairvoyant, fortuneteller
- Coffee roasting
- Community center
- Educational Facilities:
- -College or university
- -Vocational school
- Equipment rental—Minor
- Equipment sales—Minor
- Janitorial service and supplies
- Kennels (inside boarding only)
- Laundromats and dry cleaning establishments for general retail trade, on-premises or off-premises cleaning; does not include distribution centers
- Lawnmower, sales &service
- Limousine rental service
- Open air market
- Places of worship, with their attendant educational/recreational building, excluding schools
- Private clubs and lodges
- Produce stand
- PUBLIC:
- Utility buildings and facilities necessary to serve surrounding neighborhoods
- Utility structures
- Radio and TV broadcasting studios and offices, excluding towers
- Taxi service
- Timeshare/interval ownership
- Transient lodging establishments
- Screen printing
- Short-term rental (residential)
- Antique shop
- Artist and photographic studios
- Bakeries, retail only
- Banks & financial institutions
- Barbershops & beauty shops
- Book, stationery, and newsstands
- City gov’t offices & facilities
- Community center
- Convenience stores without gasoline pumps
- Dive shop
- Drug store
- Educational Facilities:
- Public or private school
- Fire stations / police stations
- Florist and gift shops
- Food hall
- Food stores or
- specialty food stores
- Hardware
- Hobby and craft shops
- Home health agency
- Home occupations
- Laundromats and dry cleaning establishments for general retail trade, on-premises or off-premises cleaning; does not include distribution centers
- Massage therapist (licensed)
- Medical offices
- Office, business and professional
- Packaging, parcel & mail svc
- Pet stores and/or grooming
- Pharmacy
- Places of worship, with their attendant educational/recreational building, excluding schools
- Pools/spas, retail only, no outside display or equipment storage
- Post offices
- Printing & duplicating, retail
- Golf courses
- Libraries
- Parks, parkways, playgrounds
- Playfields, land resources
- Repair shops, minor services (i.e., shoes, jewelry, electronics, small appliances
- Restaurants, under 1,500 square feet
- Restaurants, Full-Service
- Tailoring shops
- Tobacco shops
- Travel agents
- Adult congregate living facility
- Adult daycare center
- Catering only
- Child care centers—Day nurseries and kindergarten
- Convenience stores with gasoline pumps
- Dance and music studios
- Data processing center
- Farm and garden supplies, including nursery stock, landscaping, garden center, sod, feed and grain
- Gymnastic/health spa facilities
-
- Utility buildings and facilities necessary to serve surrounding neighborhoods
- Adult congregate living facility
- Adult daycare center
- Alcoholic beverage establishments
- Amusement and commercial recreation, outdoors
- Apartments, condominiums, townhouses
- AUTOMOBILE:
- Bodywork and painting
- Major mechanical repair
- Towing and wrecker service
- Boat, major repair
- Building products manufacturing
- Cabinetry, metal, and woodworking shops
- Child care centers—Day nurseries and kindergarten
- Clairvoyant, fortuneteller
- Contractor’s equipment, storage yards, with open storage regulations
- Dental/medical laboratories
- Equipment rental—Major
- Equipment rental—Minor
- Equipment sales—Major
- Equipment sales—Minor
- Exterminating service
- Furniture refinishing when in conjunction with retail sales
- Gun range, indoor
- Hospitals and nursing homes
- Kennels (inside boarding only)
- Kennels (with animal “runs” outside)
- Lawnmower, sales & service
- Lumber store
- Mobile Food Dispensing Vehicles
- Mobile home sales lots
- Open air market
- Produce stand:
- Utility buildings and facilities necessary to serve surrounding neighborhoods
- Utility structures
- Aluminum products, sales, and contractor
- Amusement and commercial recreation, in an enclosed building
- Analytical chemist
- Answering service
- Antique shop
- Appliances, sales, and service
- Artist and photographic studios
- Auction houses
- Auditorium
- AUTOMOBILE:
- Laundry (complete detail)
- Minor mechanical repair
- Parts and supplies
- Quick wash
- Sales and rental
- Service station
- Tire repair & replacement
- Window tinting
- Bakeries, retail only
- Banks & financial institutions
- Barbershops & beauty shops
- Bed and breakfast establishments
- Bicycle, sales, and service
- Bioanalytical labs
- Boardinghouse
- Boat sales, minor service, and rental
- Body piercing (State Lic.)
- Bondsman
- Book, stationery, and newsstands
- Building material, retail
- Catering only
- City gov’t offices & facilities
- Civic club
- Clinics, medical / dental
- Contractor (business office only)
- Convenience stores with gasoline pumps
- Convenience stores without gasoline pumps
- Dance and music studios
- Data processing center
- Dive shop
- Drug store
- Educational facilities:
- College or university
- Public or private school
- Vocational school
- Employment agencies
- Farm and garden supplies, including nursery stock, landscaping, garden center, sod, feed and grain
- Fire stations / police stations
- Florist and gift shops
- Food stores or specialty food stores, including but not limited to retail sales of meat, fish, eggs, poultry, fruit, vegetables, candy, nuts, coffee, tea, confectionery, delicatessen, dairy products and health foods; stores carrying a variety of food or related goods or groceries
- Funeral homes
- Furniture sales
- Government offices
- Gymnastic/health spa facilities
- Hardware
- Hobby and craft shops
- Home health agency
- Home occupations
- Hotels, motels, motor hotels, motor lodges, and tourist courts
- Interior decorating and window treatment
- Janitorial service and supplies
- Laundromats and dry cleaning establishments for general retail trade, on-premises or off-premises cleaning; does not include distribution centers
- Limousine rental service
- Locksmith
- Massage therapist (licensed)
- Medical offices
- Micro-Brewery
- Micro-Winery
- Mini warehouses and storage facilities, outside storage permitted
- Office, business and professional
- Packaging, parcel & mail svc
- Pawnshop
- Pet stores and/or grooming
- Pharmacy
- Places of worship, with their attendant educational/ recreational building, excluding schools
- Pools/spas, retail & service
- Pools/spas, retail only, no outside display or equipment storage
- Post offices
- Printing & duplicating, retail
- Private clubs and lodges
- PUBLIC:
- Arboretums
- Museums
- Cultural institutions
- Golf courses
- Libraries
- Parks
- Parkways
- Playgrounds
- Playfields
- Land resources
- Radio and TV broadcasting studios and offices, excluding towers
- Radio, TV and electronic sales and service
- Repair shops, minor services (i.e., shoes, jewelry, electronics, small appliances
- Restaurants, delivery and/or carry-out, more than 1,500 square feet
- Restaurants, under 1,500 square feet
- Restaurants, Full-Service
- Retail, general (i.e., department, hardware, paint, wallpaper, sporting goods jewelry, computers, luggage, toy, wearing apparel stores)
- Tailoring shops
- Tattoo parlors (State lic.)
- Taxi service
- Telephone business offices and exchanges
- Theaters
- Thrift stores
- Tobacco shops
- Travel agents
- Upholstery
- Veterinary clinic and animal hospitalsTransient lodging establishments
- Analytical chemist
- Answering service
- Bioanalytical labs
- Cemetery
- City government offices & facilities
- Clinics, medical and/or dental
- Community center
- Dental/medical laboratories
- Drug store
- Educational Facilities:
- College or university/ Public or private school or Vocational school
- Fire stations and police stations
- Government offices
- Home health agency
- Home occupations
- Hospitals and nursing homes
- Massage therapist (licensed)
- Medical offices
- Office, business and professional
- Packaging, parcel and mail service
- Pharmacy
- Places of worship, with their attendant educational/recreational building, excluding schools
- Post offices
- PUBLIC:
- Arboretums
- Museums
- Golf courses
- Libraries
- Parks
- Parkways
- Playgrounds
- Playfields
- Land resources
- Restaurants, delivery and/or carry-out, under 1,500 square feet
- Restaurants, Full-Service
- Telephone business offices and exchanges
- Adult congregate living facility
- Adult daycare center
- Banks and financial institutions
- Barbershops & beauty shops
- Child care centers—Day nurseries and kindergarten
- Funeral homes
- Gymnastic/health spa facilities
- Thrift stores
- Travel agents
- Gun range, municipal
- Laundromats and dry cleaning establishments for general retail trade, on-premises or off-premises cleaning; does not include distribution centers
- PUBLIC:
- Utility buildings and facilities necessary to serve surrounding neighborhoods
- Residential recovery center, minor
Bad Credit Florida Commercial Service Areas Include
