Eight (8) Signs You Have a Bad Hard Money Lender
Getting a hard money loan can be highly advantageous for many people who need to fund a real estate project quickly. While you might be thinking, “what is a hard money lender, and how does hard money lending work?” hard money loans are highly flexible, can close faster, and offer a more seamless approval process. […]
Are Appraisals Important for Hard Money Lenders in Commercial Real Estate?
Appraisals are like the backbone of the lending process, which is why conventional banks and traditional commercial real estate lenders require it. They involve a thorough evaluation process that provides the lender with valuable information regarding a property, including its market value and condition. Appraisals help hard money lenders in determining the loan-to-value ratio, which […]
Hard Money Loans Vs. Conventional Loans: Which One is Right for You?
Have you ever considered taking hard money loans or conventional loans? Several scenarios could arise, and you’d need more cash than you have at hand. You can choose to reach out to acquaintances, family, or friends to loan you the amount with little to no interest. However, it is best to get a loan from […]
The Commercial Loan Refinance Wave and Its Economic Impact
As the U.S. government strives to contain the turmoil in the financial market, the $1.5 trillion mortgage due in a couple of years poses a significant challenge for the real estate industry. There could be substantial downturns as real estate lenders anticipate a potential need for commercial loan refinance options. Unfortunately, this could mean higher interest […]