A hard money lender will never run out of fashion in spite of all the innovations in banking. Once in a while, people run into financial woes that their banks cannot sort as soon as they may need or their credit score does not just allow them to enjoy bank lending. When this happens, a […]
Money… There just doesn’t seem to be enough of it. How many people in the U.S. have absolutely zero debt? It would only be fair to guess not that many because if you think about it, isn’t all money kind of borrowing? The US is currently 22 trillion dollars in debt, and it doesn’t look […]
Hard money funding is one of many financial aspects you should be aware of, as this form of funding may come in handy for you when you least expect it. Before delving into hard money funding and whether or not it’s right for you, it’s important to understand what exactly hard money loans are and […]
Are you thinking about starting a new business? Lacking the funds or having a bad credit score can impede your ability to start flipping houses or opening up a five-star restaurant. You might consider private money loans. Most people new to developing their own business might not know how to get a private money loan. […]
In the world of financing, traditional mortgage companies run like the fast and loose crowd at a high school dance. Hard commercial money lenders are the hard-to-get ones, those who were too cool to even come to the dance. If you need to find hard money commercial lenders, just know: they will not come looking […]
Being able to gain access to large amounts of money quickly is essential in the real estate market. There are often numerous buyers trying to get the same property if it is priced well. With more than 600,000 houses selling in May of 2019 alone, the market is very competitive and can be quite lucrative. […]
The phrase hard money loan has a negative connotation for many people. Maybe that’s because it sounds too good to be true. Hard money’s bad reputation is also due to predatory lenders who preyed on homeowners years ago in an attempt to recoup their properties when loans weren’t repaid. They offered very risky, even shady, […]
So, you are in a bind. Maybe money has become temporarily tight. You feel the stress of the unexpected and do not know what to do. Perhaps, you are trying to flip a house that needs a little more work than you originally planned. Now you need the funds to cover you until you can […]
The world of business can be extremely fast-paced, regardless of what industry you’re in. When a good opportunity arises, you may not always have the cash to hand to make the most of it. This is where hard money commercial loans come in. A 2018 Federal Reserve survey found that 56% of businesses that applied […]
Foreclosure is a homeowner’s worst nightmare, especially if their family’s well-being is at stake. Unfortunately, they happen more often than you think. According to data collected by the Federal Deposit Insurance Corporation, 250,000 new families enter into foreclosure every three months. The good news is, hard money mortgage lenders can provide options to people facing […]