Hard Money Loans

New York City ACCÍON New York www.accionnewyork.org phone: 212-387- 0494 BOC Capital Corp. – Business Outreach Center Network www.bocnet.org/boccapitalcorp phone: 718- 625-1296 Count Me In www.count-me-in.org phone: 212- 245-1245 National Development Council – Grow America Fund www.nationaldevelopmentcouncil.org phone: 212-682-1106 National Minority Business Council www.nmbc. org phone: 212-997-4753 New York Association for New Americas – NYANA [...]

Private lending is an alternative to conventional loans such as you would apply for at your local bank or Mortgage Company. They are also referred to as Hard Money loans. Private loans are short-term loans ranging from 3 months to 3 years.

Hard Money Lending is Helping the Economy For real estate investors access to conventional funding through banks for real estate projects has become difficult to obtain. Banks have tightened up their requirements for lending, and any blemish on your record can disqualify you for a loan. Additionally the amount of paperwork required to obtain a [...]

A Great New Niche for Mortgage Brokers aE” Hard Money Lending With the subprime crisis of a few years ago, and the recession of the past couple of years, the demand for the services of mortgage brokers has diminished. These facts along with tighter lending standards, has led to tough times for mortgage brokers, with [...]

A commercial hard money loan is a non-conventional commercial real estate loan that is not made by a traditional bank. The primary rationale for a small business considering a commercial hard money loan is that traditional commercial financing options are not viable. Many prudent small business projects can be funded ONLY via a hard money lender. Several common commercial financing scenarios using hard money loans are described. These include low credit scores, a need to obtain commercial financing quickly, and special small business situations not easily understood by traditional banks.

Everything you wanted to know about Hard Money Loans, but were afraid to ask. Hard Money Loans provide creative financing for home owners, developers and investors who maybe don’t meet the traditional bank lending requirements. Here are some frequently asked questions.

Real estate investing has made a significant impact on the lives of many people. It has helped many investors fulfill their dreams of climbing the career ladder. It has also given others the opportunity to provide the best for their families. So if you are one of those people who want to achieve all these [...]

Real estate investing has made a significant impact on the lives of many people. It has helped many investors fulfill their dreams of climbing the career ladder. It has also given others the opportunity to provide the best for their families. So if you are one of those people who want to achieve all these [...]

Having sufficient cash flow is very important for a real estate investor. It allows him to act quickly in case a good deal comes his way. In addition, securing financing enables him to obtain great investment properties that can bring him big profits. However, if you have bad credit rating, it would be difficult for [...]

Many business borrowers do not prepare adequately for the commercial mortgage business loan problems that are common in most business financing scenarios. By anticipating typical commercial loan difficulties, business owners are more likely to avoid potentially disastrous business finance consequences. With rapidly deteriorating financing for residential investment property, overcoming business loan and commercial mortgage [...]