Hard Money Loans

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – Rising jobless claims and worsening euro debts pulled down Wall Street on Thursday erasing early gains triggered by a 7.6 percent increase in the resale of single-family homes in August. The Dow Jones Industrial Average was down 77 points or 0.7 [...]

In business, obtaining an unsecured business loan is probably one of the most difficult feats. This is especially true given the current nature of our economic climate and ongoing regulatory changes for lending. Unlike the earlier part of the past decade, banks and finance companies in the wake of the fallout from the housing market [...]

In these troubled economic times, the question is whether any bank or financial institution is making loans to small businesses. This article we will discuss what loans are available in light of the new Stimulus Bill as to the creation of a secondary market.

Currently we are seeing decline rates at, literally 90%, from banks here in Michigan. Meaning that 90% of all commercial loan request that come in the banks doors are being turned down. 50% – 60% of these potential commercial mortgages probably make sense from a traditional underwriting perspective, but the banks are not willing to take the chance as loses continue to rack up and take their toll.