Posts

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

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

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 dried up. Bridge loans are temporary loans against a property that will soon be sold (in most cases), and non-QM loans allow for alternative income […]Read More

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

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 our Hard Money or more euphemistically our “Private Money” sources, as they require nothing but collateral and a large down payment. But, we now fund […]Read More