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The Most Underutilized Protection For Seller Carry Back Financing Loans: A Lender’s Policy Of Title Insurance And Why It Is Crucial For Any Seller Who Agrees To Act As A Lender

2022-01-11T01:54:03-08:00Private Money Lending|

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 [...]

Why Mortgage Pools are a Smart Choice for Lenders

2022-01-11T01:54:42-08:00Private Money Lending|

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 [...]

What you need to ensure you close your loans on time

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

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 [...]

The Risks Associated with Buying Foreclosed Properties

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

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 [...]

Loan-To-Value Ratio: What Every Lender Should Know

2021-12-06T05:53:51-08:00Private Money Lending|

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 [...]

How Lenders Can Navigate Rising Costs Of Materials

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

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 [...]

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 [...]

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