Prop 58 Loans – Proposition 58 in California to Save on Property Taxes
Thursday, December 10
Prop 58 Loans – How do they work? Prop 58 loans are available from specialized trust loan or probate and estate lenders. The loan is made directly to the trust or estate since the trust or estate is the current owner of the property. The trust or estate will be the actual borrower on the loan, ...
What is Asset-Based Lending?
Tuesday, October 16
Asset-based lending for real estate requires a loan to be secured by real estate which can be residential, commercial or any other type of property. The primary concern for loan approval for asset-based lenders is the value of the property and amount of equity or down payment of the borrower. C...
Why Borrowers Use Hard Money Lenders (Private Money)
Thursday, August 02
There are many reasons borrower decide to use hard money lenders instead of banks. The main reasons are that hard money lenders are able to provide fast approvals and funding and can provide loans to individuals who have been denied by conventional lenders. The following is an expanded list o...
What Types of Properties Do Hard Money Lenders Lend On?
Monday, July 30
Hard Money Loans for All Property TypesHard money loans for real estate can be made on any type of property including single family residential, multifamily residential, commercial, retail, industrial, office buildings, healthcare, hotels, land and special purpose property.The majority of hard...
What Documents Are Necessary for a Hard Money Loan?
Friday, July 27
The hard money loan documents required will vary from lender to lender and also vary based on the type of the loan requested by the borrower. The type of loan can be placed into three different categories:Non-consumer loanConsumer loanConsumer owner-occupied (“consumer O/O”) loanA consumer loan...
How Much Do Hard Money Lenders Charge?
Wednesday, July 25
Hard Money Loan Interest RatesHard money loan interest rates vary from lender to lender and also vary based on the specific type of loan and terms requested by the borrower. Hard money lending rates in general are higher than interest rates available from conventional lenders such as credit u...