Hollywood, FL -- (SBWIRE) -- 03/25/2014 -- Primary Lending, based in Hollywood, Florida, a specialist in hard money lending and direct business loans has recently announced their 2013 and early 2014 lending profile. For 2013, Primary Lending Source invested over $120,000,000 in business loans, and commercial hard money lending. For 2014, over $40,000,000 in funding has already been invested by Primary Lending, putting them on a pace of $160,000,000 for this year.
With a principal initiative focused on commercial real estate, the company seeks to take a first position in providing a multitude of funding opportunities at competitive rates & terms for all aspects of commercial real estate, including: new developments, construction and renovation, bridge and mezzanine financing, land purchase/developments, transitional properties and repositioning.
The 2014 Primary Lending team brings extensive experience in working with small to mid-size companies providing business funding experience in no-collateral/low-doc lending programs, AR funding, equipment lease/sale-leaseback, merchant advance programs as well as commercial hard money. In announcing the new commercial real estate initiatives of Primary Lending, the team cites the strong current real estate market, and the wealth of opportunities for creative financing and hard money lending, they are looking forward to extending options while rates remain at historic lows and purchasing power is available.
About Primary Lending
Whether it is a strip-mall acquisition, apartment complex, land purchase, or short-term commercial financing requirements, Primary Lending has the resources to put deals together as quickly as possible, on realistic and affordable terms for the borrower.