Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
he current economy makes it difficult even for investors to find financing for their properties. Many lenders are tightening their lending regulations and leaving many investors without financing, especially those that do not qualify for the best rates because of...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
When you begin searching for a hard money lender in New York there are a couple of things of which you must be aware. Generally speaking you do not want to become frustrated when you discover there is a difference in both interest rates and repayment terms when...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
Many investors are looking toward buying depressed properties and fixing them up to resell or lease. While this is not a bad idea if the price is right and the cost of repairs will increase the property’s marketability enough to make it profitable, most...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
Before you can understand why banks and traditional lenders are not sources of hard money loans, you need to understand the definition of a hard money loan. Hard money loans are last ditch efforts to obtain funding for projects usually after traditional lenders and...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
Most people are familiar with the LTV for traditional loans and the usual determination of the market (appraised) value to the amount of the loan. Hard money loans work in a different way, especially when it involves a property that requires some heavy repair and...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
If you need more cash than what New Jersey hard money lenders are willing to provide, how do you obtain the rest of the cash you need? It’s a difficult question when you consider that a hard money loan is based solely on the value of the property. The hard money...