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 [...]
Although conventional bank loans are long-term mortgage loans with up to 30 years span, most real estate investors still do not favor them. All they need is a loan to make short-term investments, and most times, these traditional loans don't just fit their needs. [...]
Hard money lending bears similarities to conventional loans. For example, they share a similar structure of giving out loans and repayment before the due date. But still, there are differences in the application for hard money loans. For example, the loan terms, the use [...]
Private money is a general term for non-bank, non-agency loans. It is one of the ways real estate investors can leverage and grow their residential investment portfolios. Investors who are new to private money lenders usually have questions regarding the differences between conventional financing [...]
Hard money loans are very important to a real estate investor. Real estate investors are provided with loans to supplement their investment deals. A hard money loan is a valuable tool an investor can quickly close on an undervalued property or fix up for [...]
In a seller carry-back financing scenario, the seller switches roles as soon as escrow closes. The seller is focused on ensuring that property ownership is smoothly transferred from himself to the buyer before escrow closes. Seller carry-back financing can benefit both parties, but for [...]
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 [...]
