CHARLES G.'s Blog - Archives October, 2008

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American Cash Solutions Inc- $11.5 million Letter of Interest Obtained by American Cash Solutions Inc on behalf of Midwestern Builder - 10/24/08 12:52 PM

American Cash Solutions Inc is pleased to announce it has obtained a Letter of Interest on behalf of a Builder located in the Midwest. The project involves construction of over 100 single family homes, over 5 Industrial Buildings and over 8 Commercial Mixed Use properties.
The Construction Loan is for 3 … (2 comments)

Are Hard money Lenders really hard on borrowers or are they less Difficult to deal with? - 10/09/08 09:01 AM

And they are also declining them! So what's the point? Getting a loan approval depends on meeting the lenders revised guidelines. Private Money Lenders ARE Hard Money Lenders. Today they even try to call themselves "situational" lenders. It seems back in the day, the high interest rates normally associated with "private" money … (0 comments)

Commercial Lenders are still in the business of commercial loans - 10/01/08 12:07 PM

It is inaccurate when media says there is no money...most hard money comes from private money, not Wall Street.
One of my lenders received a $50,000,000 credit line from a publicly traded bankt hat has beena round since the 1800s.
I have a lender that is working on my customer's request … (4 comments)

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