Why Would Anyone Ever Borrow Hard Money Loans?
Tuesday, June 30
Why would someone ever borrow a hard money loan? Most assume it’s due to having bad credit or when money is needed fast. So, what is a hard money loan? This is any non-bank loan from a private source, primarily used to purchase or refinance “hard” assets such as cars and real estate. These are v...
Banks Face Two Difficult Challenges Going Forward
Friday, June 26
Banks, both small and large, are facing two extremely difficult challenges that threaten their continued existence in the financial services industry. Blindsided by the financial technology sector that has produced successes like PayPal, big banks are struggling to keep up the pace. The second bi...
Real Estate Investors Cashing Out of Rental Property Portfolios
Tuesday, June 23
Many real estate investors were extremely busy during the recession acquiring rental property portfolios between the years of 2009 to 2013. Because a lot of the distressed real estate acquired by real estate investors during this timeframe was purchased with all cash, it sucked a lot of cash out ...
Trust Deed Lending Experiences Wave of Growth Since 2009
Friday, June 19
Trust deed investing, also known as lending on trust deeds, has grown in leaps in bounds since 2009. With banks in turmoil in 2009, it prompted a surge in private money lending from 2009 to 2015. So why such interest in trust deed investing, particularly by retirees? What retirees in particular l...
Private Money Lenders Take 53% of U.S. Mortgage Market
Thursday, June 11
From the “Banking Weekly,” a Financial Times podcast from June 2nd, non-bank lenders in the U.S., also called private money lenders, are starting to dominate the U.S. mortgage market. For the first time in history, private money lenders have taken the majority of U.S. mortgage market, 53%, double...
3 Tips for Closing Your Commercial Hard Money Loans Faster
Tuesday, June 09
For those who have only taken out loans at the bank, the process of obtaining hard money commercial loans can be quite a different experience. Because these loans don’t have the same requirements as bank loans, they can close much faster. But in order to actually get hard money commercial loans c...