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How Lenders Can Understand General Liability Insurance And Builder’s Risk Insurance

2021-11-17T08:09:21-08:00Private Money Lending|

In the renovation and construction lenders' community, the discussion continues to rage about the differences, best use, and practices on two insurance policy products. The products are: General Liability Insurance Builder's Risk Insurance The conversation on these two policies is quite surprising, given that [...]

Why Mortgage Brokers are so Important for a Hard Money Lender

2021-11-17T08:09:22-08:00Private Money Lending|

Mortgage brokers and hard money lenders have a relationship that is similar to that of bankers and stockbrokers. The mortgage broker community attracts the highest number of top-quality leads, which eventually piggies back to hard money lenders. Are you curious about how mortgage brokers [...]

What Private Lenders Need to Know Before Lending to a Cannabis Business

2022-01-11T02:12:09-08:00Private Money Lending|

The cannabis business over the years has witnessed several legislations changing the legal status of Marijuana. Although Marijuana is still seen as legal in some form in about 25 states in the United States, it is still considered a Schedule 1 substance at the [...]

A Personal Guaranty Contract Can Help Lenders Recover Even After Foreclosure

2022-01-11T02:12:46-08:00Private Money Lending|

A Personal Guaranty Contract is a legal tool favouring lenders. Debts are recovered with this tool even when the property securing the debt has been foreclosed. Regardless of this contract, lenders face some limitations during the recovery process because of deficits. A personal guaranty [...]

Usury Law 101: Things to Know about Usury

2022-01-11T02:13:22-08:00Private Money Lending|

Lenders can't charge just any interest rate because specific standards bind them under usury laws. This law has always had a long history of protecting borrowers from exorbitant interest rates on loans. So lenders ought to understand the basics. Else, they will be caught [...]

Title Insurance Protections for Lenders in California

2022-01-11T02:14:01-08:00Private Money Lending|

The major difference between title insurance and other types of insurance covers is in its function. For homeowners and lenders, title insurance is the ultimate cover against defects and encroachments on their property title. Defects in this context usually include forgery, fraudulent ownership claims, [...]

The Tipping Point: Know the Liability Issues for Brokers and Lenders in Private Construction Lending

2022-01-11T02:14:53-08:00Private Money Lending|

Without a doubt, loaning to borrowers will always be a risky business to venture into. In particular, private construction lenders face more risks than usual. For example, by betting on a construction project, private lenders have to ignore the possibility that the project might [...]

The California Consumer Privacy Act: What Private Lenders Need to Know Now

2022-01-11T02:16:52-08:00Private Money Lending|

The California Consumer Privacy Act (CCPA) is a landmark legislation measure that establishes a slew of new privacy rights for California individuals and stringent requirements for businesses that collect personal information about them. The act took effect on the 1st of January, 2020. Personal [...]

Hard Money Loan Types for Rental Properties

2022-01-11T02:17:28-08:00Private Money Lending|

One of the most common stumbling blocks for newcomers to the real estate investment sector is figuring out how to fund rental property transactions. There are several available alternatives to beginner real estate investors, but as expected, a number of sources for funding could [...]

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