Private money lenders perform an essential and beneficial service to both borrowers and investors. First, they provide alternative financing solutions for consumers and businesses that may not be financed otherwise. Undoubtedly, the strict guidelines surrounding lending from institutions have led to a boom in [...]
During the loan originating process, it is paramount to ensure that both the lender and borrower remain compliant and eliminate delays to close the loan on time for every transaction. The sales aspect of loan origination might seem the most important but closing the [...]
As a lender, before you get into the business of foreclosed homes, especially fix-and-flip opportunities, there is important information you ought to know. One of the most important is finding properties with much lower costs. This will influence the return on investment (ROI) to [...]
As a lender, there are two very important questions to answer when considering a borrower's application. The questions are: Should I approve this loan? On what terms should I approve this loan? This is where the Loan-To-Value (LTV) ratio comes in. The LTV ratio [...]
The construction or renovation lender does not exist in a bubble. The construction industry doesn't either. Both entities are perpetually at the mercy of any existing economic climate, which means they constantly need to make decisions to reflect current realities. An increase in the [...]
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 [...]
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 Is A Trust Deed? There are different ways of giving loans to a real estate borrower. One of such ways is for the lender, also referred to as an investor, to provide the loan using real estate as collateral. The term 'Trust Deed' [...]
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 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 [...]
