Hard money lenders are generally preferred by real estate investors over large financial institutions such as banks when it comes to acquiring loans. The following are the main reasons: Private money lenders process loans significantly more quickly, which is ideal for someone looking for [...]
The acronym DSCR is one of many in the finance sector. It is critical to real estate investing, and practically every lender considers it when evaluating projects. A debt-service-coverage ratio (DSCR) is an abbreviated version of the debt-service-coverage ratio. It's a closely studied metric [...]
Investing in Flip and Fix has grown increasingly popular. When considering one, there are a few factors that lenders should keep in mind. A FICO Score is one of the most significant factors. It's a three-digit number calculated using information from your credit reports. [...]
The lending market has not been left out of the massive disruption with the pandemic disrupting global activities. Several strategies implemented by private lenders to fully understand why borrowers defaulted are no longer viable enough to be relied on. With the new norms, a [...]
Lenders can improve their ROI with the correct automation technologies. This is despite the fact that lenders face several obstacles, including increased risk, higher borrower expectations, higher building material costs, insufficient housing inventory, and insecure pandemic rules. While we are all aware that automation [...]
If traditional financing options were all the real estate/construction world needed, then private lending would not exist, or at least all private lenders would be out of business by now. The simple truth is, traditional financing options will not always be the right fit [...]
If you've been in the business of hard money lending long enough, then you would agree that many clients can be gotten off both residential and commercial real estate agents. More often than not, these agents find themselves in business with clients who are [...]
For many borrowers, efficiency and speed is everything. As soon as they discover your services are not up to speed with their needs, they mentally remove your name from their list of go-to construction lenders. Being able to move efficiently and on time is [...]
Brokers can get more mortgage options by working with an Asset-Based lender to offer borrowers. The offers enable them to offer all real estate investors a loan option that fits their specific needs. Before a Traditional Mortgage lender can release funds, they need documents [...]
Sarah Wheeler, Editor-in-Chief of Housing Wire, spoke with Network Funding, LP Head of Product Nicholas Ripple, Tim Nguyen, CEO and Co-Founder of BeSmartee, and Amy Brandt, President of First American Docutech, to learn how the Point Of Sale (POS) software may help improve the [...]
