S. Clay Sparkman
I spend plenty of time cruising the web for interesting articles that are relevant to the current state of hard money lending, brokering, and borrowing. I don’t always agree with everything I find, but it is useful to evaluate varying points of view, and I certainly wouldn’t pass along any article that I felt was seriously off the mark. So, here are a few that you might want to look at:
From that essential resource, The Scotsman Guide: “There are five key things brokers must keep in mind when seeking new construction loans from hard-money lenders.”
http://www.scotsmanguide.com/default.asp?ID=4860
From the Wall Street Journal: “As banks continue tightening their purse strings, hard-money lenders are pouncing on the opportunity to lend to shunned borrowers.”
http://blogs.wsj.com/developments/2011/07/21/explaining-the-methods-of-hard-money-lenders/
From the Puget Sound Business Journal: The pace of multifamily investments in the greater Seattle area shot up 87 percent last year, and that growth is expected to continue in 2013.”
http://www.bizjournals.com/seattle/news/2013/02/28/apartment-market-running-on-all.html?ana=e_vert
From a blog, “Short Sale Superstars”: “The extended recession in the US has left many homeowners remain in a position where they cannot patch up their mortgage. As these homeowners look for a good way to keep their properties many come across the term hard money loan. The natural idea is to think that a hard money loan could possibly allow you to refinance your home and keep it.”
http://shortsalesuperstars.com/profiles/blogs/is-a-hard-money-loan-an-option-when-experiencing-foreclosure
From PRWeb: “After tentatively testing the water in 2011, Private Money increased their overall lending for commercial real estate throughout the country in 2012 with total loan origination at year-end up 9% year-over-year. Multifamily property loans showed the biggest gain, ending 2012 up 22% from 2011. Surprisingly, retail property showed great recovery with loan origination up 17% year-over-year.”
http://www.prweb.com/releases/commercialprivatemoney/privatemoneyloanslenders/prweb10510061.htm
So there you are. I hope you found some of these articles to be interesting or useful, or both. I encourage you to share with the group any articles that you feel might be appreciated here. Likewise, feel free to comment on the articles I just posted.
— Clay (clay@privatemoneysource.com, 503-476-2909)
Clay is Vice President of Fairfield Financial, a primary source for private money since 1964. Fairfield is currently targeting loans in Oregon and Washington, with potential to loan in: AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX. To submit a loan to Fairfield for consideration: http://www.privatemoneysource.com/loanproposal.php
Tags: bank loans, commercial lenders, Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money investing, hard money lending, hard money loans, Multifamily, private money borrowing, private money brokering, private money investing, private money lending, private money loans, real estate investing, real estate rental, rehab loans, REO funding, Short sales
