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The world of commercial loans is very different from residential ones. In the current market, however, all traditional lending sources are being pretty stingy with money. The fact that you have a vision and are ready to go does not mean much to them. Your loan application just sits and sits.

This delay of course means that your project is also delayed. All kinds of issues can arise because of this, issues that can sink the project before it even starts. To avoid this disaster, you can look to private money for relief even in this market.

The finance market is such a disaster at the moment that no banking source is reliable. When Fannie Mae is going under, you know it is bad. Most developers are now just trying to buy time till things improve. Bridge loans from private money are just the way to do it.

As soon as you have your loan money, you can then begin to work on your construction site. Meanwhile, your bank loan will still go through its original process. Once the bank loan goes through, you will then be able to pay off the private loan with the traditional loan money.

Finance is all about leverage and liquidity. In the current market, there is no liquidity. Getting money is hard. You can leverage your position with a bridge loan, however, and get your project rolling while others fail.

If you think finding money for your project this year is hard, wait till next year. Residential mortgage defaults are expected to double. Banks will be failing right and left. Private money is the way to ride out these rough seas till 2010 when things should settle down.

The cost of a bridge money loan can be high or close to the cost you would expect with a traditional lender. It depends on your particular project. The only way to find out the particulars for your situation is to contact a broker.

There are ways to gain commercial construction loans within a few days time. Contact a private lender for more information via CommercialLoanStop.com. After all, do you really want to keep waiting to get that project started?