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california hard money: California Owner Occupied Hard Money Loans - 03/12/12 03:32 PM
Finding California owner occupied hard money lending has been difficult at best over the past few years. With all of the changes in the lending world, many hard money lenders simply stopped making owner occupied and/or consumer loans secured by 1-4 residential units. It has been only recently that we’ve started making these owner occupied hard money loans again, and I wanted to take a moment today to go over what we are able to help with.
Hard money loans are typically thought of as no-doc loans. That is not the case any longer, especially when talking about owner occupied or … (2 comments)
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california hard money: Owner Occupied Hard Money - 04/21/11 01:15 PM
With recent changes being made in the lending industry, owner occupied hard money has become increasingly difficult to obtain. Many hard money lenders who had made these loans in the past have stopped, choosing to only make loans for investment or business purposes.
Residential hard money can take two basic forms these days, consumer and non consumer. The distinction between these two qualifiers is important, so today we’re going to touch on the differences.
Generally speaking, many hard money lenders are shying away from consumer loans. These are loans made to consumers, for consumer purposes. Owner occupied hard money … (0 comments)
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california hard money: Commercial Hard Money Loans - 02/15/08 02:00 PM
Hard money commercial loans are a good option for many of today's borrowers. Many banks and institutions are putting greater restrictions on the commercial lending they will provide, and often times even the most well qualified borrower can have a tough time obtaining financing for their commercial property. If you are in this situation, you may want to look into a commercial hard money loan.
Commercial hard money loans come in many shapes and sizes. Depending on the investor, you will have different requirements. For most hard money loans, the main concern in making the loan is the loan to value. If … (0 comments)
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california hard money: Hard Money Options - 02/06/08 12:31 AM
Hard money financing offers a wide range of borrowers options that may otherwise not be available. With traditional lenders tightening their standards, and with many property owners in foreclosure or in danger of foreclosure, the hard money lenders are filling a niche. Additionally, in the declining market we are now experiencing, private money and hard money options can help with land acquisitions, commercial property financing needs and foreclosure bailouts. Traditionally, hard money has been much more expensive than institutional money. In recent years, this money has been a stop of last resort for borrowers with major credit issues or for transactions far … (1 comments)
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