For many private lenders, raising capital is a never-ending task. The most difficult component of the process, whether they target mortgage investors for individual trust deeds or a mortgage fund, is generating investor leads. Unfortunately, most lenders do a terrible job of communicating their [...]
You are a servicer if you possess a private mortgage note and handle the servicing (collection of payments) yourself. These guidelines and enforcement operations apply to you. If you'd prefer to delegate that responsibility to someone else, contact us today, and we'll take care [...]
Although there are few defined standards in the private lending market, capital development and strategies have generally been consistent. The three major capital strategies include Balance sheet capital, credit facilities, and loan sale and correspondence. Private lenders required their captive fund sources. Many private [...]
There are several predictions as to what to expect in the lending industry as 2022 draws nearer. Here are some of the changes to expect as discussed briefly: A rise in Interest rates: Many sources, including the Mortgage Bankers Association, has predicted that there [...]
Gap closings have been a significant aspect of commercial real estate transactions and loans. As a lender lending a large sum to a borrower to purchase a property, you need to be well informed on how to use gap closings to enable the remote [...]
In a recent interview with Michael Stallings, the Vice President of Comergence, he said, "The social media landscape is always changing. What matters to originators is to ensure that they keep calm and don't just jump to the next shining platform in the social [...]
Making a real-estate-secured loan is a high-risk endeavor. That is why lenders want to put every possible measure in place to reduce the risk of any unforeseen legal concerns that could affect their ownership rights if they have to take possession of the property. [...]
In the private lending industry, several vital terminologies are quite important for lenders to understand their concepts properly, define their terms and be aware of their usage. This is to avoid being used interchangeably or in the wrong manner. Some of these key terms [...]
State laws protect contractors and subcontractors from nonpayment of the products or services they supply by permitting them to place a lien on the improved property. The lien appears on property title searches when recorded in the public records, and it may take precedence [...]
Construction loan projects generally have several risks for private lenders. Circumstances such as leaving buildings halfway into completion and diverting loans for another purpose could severely affect the lender. When lending for large construction projects, lenders who take the effort to develop and apply [...]
