ABOUT NON-CONVENTIONAL LOANS AND NON-CONVENTIONAL LENDERS

Non-conventional loans for commercial real estate projects are used to furnish short-term financing for real estate investors and builder who simply can't wait for the lengthy bank process or who are working on projects that traditional banks don't entertain. Private lenders are a funding source for such projects.

The non-conventional lender is subject to less regulation than traditional lending institutions and tend to be more willing to recognize that each deal comes with a unique set of circumstances. They are often prepared to accept somewhat greater risk and can often respond quickly to help real estate investors take on projects where time is of the essence.

For the non-conventional real estate lender, prime considerations are that the  borrower's project make good financial sense, and that the borrower has sufficient collateral to guarantee the loan.

Gala Resources is a direct lender to real estate investors, builders and dealers, making non-conventional loans.