Two years ago I wrote a blog article challenging any of my readers to demonstrate that one of their international commercial real estate loans had actually closed. For two years that challenge went unanswered. International commercial real estate loans have been traditionally very hard to close. Recently, however, hard money lenders in the United States have been so desperate for deals that they have been looking beyond their own borders. A number of them have now closed deals outside of the United States. Hard money commercial real estate loans are very expensive, but I have learned in my lifetime that the more expensive the loan quote, the more likely the lender is for real. The guys quoting 4% interest for 20 years invariably turn out to be advance fee scammers. The guys quoting 13% interest and eight to fifteen points actually want to close loans. So let me proclaim to the world - I was wrong! International commercial real estate loans actually do close ... they're just a little expensive for right now. After these daring hard money lenders make a few hundred million dollars in loan fees making international commercial real estate loans, the banks and Wall Street will probably follow. A lot of resort projects still make sense at 13% interest and eight points. If you have an international commercial real estate loan request of at least $2 million, please come to C-Loans.com and click on the International Loans link in our logo banner.
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