Tag Archive for: hard money

Barns, Farms, Sloping Floors, Litigation and More! Financeable? It Depends

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I refinanced a 12-acre estate in Sonoma County in CA years ago. The owner insisted it was 100% residential with no commercial interests – but, when I showed up, he had a huge sign over his barn advertising his drywall and plaster firm, he had work trucks and industrial supplies all over the lot, and he had a prominent winegrape harvesting company on site, harvesting his 8 acres of cabernet grapes.Read More

Hard Money Loans: Are They Worth It?

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Hard money loans are an easy and fast financing option, but they are not for everyone. Here is everything you need to know to decide if they are the right option for youRead More

Why We’re Seeing Fraud Claims Now & Will See A Lot More

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I knew and worked with a bunch of hard money lenders (who loaned money based strictly on equity) prior to the 2008 meltdown. Even though they were a bit cocky with their success and they lived like rockstars, they were all nice and honest guys for the most part. They solicited pools of funds from friends, family members, and outside investors – and then loaned out that money to homeowners and homebuyers who could not qualify for better financing.Read More

Private Money In Lieu of Non-QM/Bridge Loans; JVM/Mortgage Bank – Here to Stay; Eating EMDs

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PRIVATE MONEY = TEMPORARY SOLUTION Both agents and buyers are reaching out to us to save transactions that have blown up elsewhere b/c both bridge loan and non-QM financing has […]Read More

Much Better Alternative to “Hard Money” – “Investor Advantage”

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We often get borrowers who lack sufficient verifiable income to qualify for competitive mortgages. If those borrowers had large down payments (25% to 30%), we used to refer them to […]Read More