Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
There seems to be a ton of confusion when it comes to hard money loans and hard money lenders these days. Most of the confusion seems to be in the thought that if you find a deal and have no money, someone will fund it for you. This is one of the biggest issues with...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
The Northern NJ multi-family market is in a white-hot surge. Vacancies are way down and rents are way up. In fact, in certain parts of Northern NJ’s urban markets, rental rates increased over 11% from Q2 2011 to Q2 2012. In addition to the vacancy and rental rate...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
1. Find a lender 1st – So many borrowers are doing steps 1 and 3 backwards. You need to know you have a lender or lenders before going to find a property. What good is a great deal that you can’t close on because you don’t have the financial backing. Too many...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
loans for 1 year with no pre-payment penalty to well qualified borrowers and experienced rehabbers. Most hard money lenders in New York have been lending for a long time and still go by the old “rules” of hard money lending which is no credit or income...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
Hard money lenders in Texas refer to financial and lending institutions operating in Texas that mainly offer a more specialized kind of real-estate backed loan. Among the many things that they can do is lend capital (usually short-term types) that are also otherwise...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
Conventional banks have the ability of providing great financing options to New Yorkers. But because of their strict loan requirements and qualifications and other negative circumstances such as foreclosure, earnings that are hard to prove and bad credit, lots of...