Ar_home_b_search
 



private money: A Primer on Banks and Real Estate Lending - 01/17/11 09:47 AM
When you need to borrow money where do you turn?  If you are like most people your first option is probably a bank, but with so many choices, it can be hard to know which bank is the right one for you. The first banks were purely depository institutions; accepting money, keeping it safe, and returning a modest rate of interest. Today, there are more than a dozen types of banks among thousands of branches, each performing an essential function for the financial community ranging from community savings to business banking to construction lending and everything in between.  The largest and … (3 comments)

private money: Hard Money Answers - 07/06/09 11:46 AM
Some of the most asked questions we get are related to hard money loans and the process involved in arranging them.
At Cornerstone, we've worked with many hard money lenders from the smallest, private one-person firms to the largest corporations.
Regardless of size, most are asset based lenders, meaning their loans are based purely on the value of the asset being pledged as security. Typically hard money lenders will lend a maximum of 50-65% of the "as is" value of the asset (its current value in the market place).
For this reason, hard money lenders are less concerned with things like … (0 comments)

 
Web_head

Craig Grella

Nashville, TN

More about me…

CreativeREO

Address: Nashville, TN, 37214

Office Phone: (615) 657-9103

Email Me

Creative Financing for Real Estate Transactions.


Links

Archives

RSS 2.0 Feed for this blog