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Commonwealth Capital describing itself
Commonwealth Capital
Haverford, PA·Founded 2010·8 states
Commonwealth Capital provides short-term bridge and mini-perm loans for businesses and real estate investors who do not qualify for traditional bank credit or need a rapid response and quick closing. Unlike many other private lenders, we hold all our loans on our own balance sheet — which gives us the ability to lend outside of typical underwriting standards. And because we underwrite, fund, and service all loans internally, you can expect an expedited process and direct access to decision makers.
Loan programs
Offers— no published terms
Terms & qualification
- Typical loan size
- $100K – $4M
- Typical term
- 1 mo – 60 mo
- Interest rate
- 12% – 15%
- Origination / points
- 2% to 4%
- Lien position
- 1st
- Prepayment penalty
- no
- Payment structure
- Interest Only
- Recourse
- Always
- Closing speed
- 21 days typical · 5 days fastest
- Prepayment structure
- None
- Cross-collateral
- Yes
- Equity / JV capital
- No
- Income documentation
- Credit Report, Tax Returns, Financial Statements, Loan Application
- Borrower entity
- Individual(s), LLC, Limited Partnership, Trust, Corporation, Non-Profit Corporation, Self-Directed IRA