Why You May Need a Private Money Loan This Year
The private money lending industry includes all non-bank sources of financing such as hard money, bridge loans, and all types of private money loans. With credit still reserved for only the most qualified borrowers and properties, many potential borrowers will have to seek out new sources of financing this year. Below are just three reasons why you or your clients may need to look into private money loans this year:
1.Real estate investors are looking in diverse markets for properties.
2.New development or construction deals, distressed, vacant properties.
3.Increased competition for commercial loans through 2016 as CMBS loans mature.
To read more detail on each of these 3 reasons, click on the following link and read this post on our blog here: http://privatemoneyutah.com/3-reasons-may-need-private-money-loan-year/ What other reasons would you add to this list? Banks will remain tight in 2014, so if you or your clients are seeking real estate financing this year, make a long list and get aggressive about your search.
Posted by Corey Curwick Dutton
Comments (1)
Hard money loan is so much popular for its different advantages. One can get loan earlier than banks from hard money lender. And credit issue is not a big fact in hard money loan. This two reason is enough for using hard money loan. If you want to take hard money loan then Lending Universe Inc. can be your first choice. You can find over 10000 verified hard money lenders from here. You also can easily apply for a hard money loan through filling up the simple and short loan application form within 2/3 minutes.
Jenifer Wood, almost 10 years ago