Your Direct Private Lending Source throughout Colorado August 20, 2013 As kids begin school this week (or last week), Fall is definitely in the air and the flakes will be flying at lower elevations soon (hard to imagine as…
Where to turn when a bank says no? I hope each of you are having a great summer and beating the heat. The focus of this month’s column is on hard money, an alternative to traditional lending avenues. I’m commonly…
Have you ever wondered what a "Hard Money Loan" or "Private Loan" actually is? Before discussing what these terms are it is important to talk about why a borrower might not be able to utilize traditional lending sources. The recent…
I'm commonly asked: "What is a hard Money Loan/Private Loan" and "What should I look for in a private lender". This video focuses on these two topics.
How do I select a property manager? This is very common question amongst property owners. I sat down with Steve Trythal of the Sessions Group to get this question answered. The Sessions group is a prestigious property management firm in…
The hard money industry is constantly evolving, having seen a number of changes over the last few years alone. There is more opportunity than ever for originators as more lenders enter the scene, but each deal comes with its own…
What you need to know about private lending All private lenders are loan sharks! I've heard this statement many times from both borrowers and brokers who have not had such a positive experience with a private lender. I recently wrote…
Credit or Character: which is more important in underwriting? I am sure everyone who has ever been involved in banking is familiar with the 3 Cs of lending, but what about the 4th C. Many wonder how a private…
I'm commonly asked what is the typical loan term of a hard money mortgage. A typical hard money lender will provide a loan term of 3- 6 months. This short of a time period is a large risk/problem for…
Hard Money’s Not What It Used to Be Underwriting criteria is tightening for these loans, even as demand increases The following is an excerpt published by Glen Weinberg (COO Fairview Lending) in the Scotsman's Guide (a leading publication for mortgage…