Loan Declines Flock to Bridge Lenders for Approvals
Thursday, April 16
Where conventional and government-back financing have remained difficult loans to qualify for, more and more borrowers are flocking to bridge lenders for loan approvals. Bridge lenders offer a non-traditional form of financing often referred to as ‘bridge loans’ or ‘hard money’ loans. These loans...
Why Have Hard Money Lenders Earned Such a Bad Reputation?
Wednesday, April 08
Hard money lenders have earned a bad reputation in the area of lending for no good reason. In fact, they are often grouped into the same category as pay day lenders. Pay day lenders hold a larger share of the consumer lending market in places like Europe, as compared with the U.S. The United King...
Why Have Hard Money Lenders Earned Such a Bad Reputation?
Wednesday, April 08
Hard money lenders have earned a bad reputation in the area of lending for no good reason. In fact, they are often grouped into the same category as pay day lenders. Pay day lenders hold a larger share of the consumer lending market in places like Europe, as compared with the U.S. The United King...
Republicans Look to Scrap Huge Pieces of Dodd Frank Reform
Tuesday, March 17
The latest proposed budget by the Republicans, the intent is to cut out central aspects of the Dodd Frank Reform. This would include putting some badly needed oversight over the hated Consumer Financial Protection Bureau (CFPB). Another aspect that Republicans will push to eliminate under the Dod...
Banks Stalling on Commercial Loan Closings
Wednesday, March 11
Bridge lenders saw a surge in commercial bridge loans February 2015. As a result of these bank delays, particularly on large balance commercial loans, borrowers have had to shift gears to commercial hard money lenders at the last minute. Mary Cortez from Private Money Utah, a commercial bridge l...
Bank Stalling on Commercial Loan Closings
Thursday, March 05
Bridge lenders saw a surge in commercial bridge loans February 2015. As a result of these bank delays, particularly on large balance commercial loans, borrowers have had to shift gears to commercial hard money lenders at the last minute. Mary Cortez from Private Money Utah, a commercial bridge l...