hard money: California Land Loans
- 02/13/12 08:06 AM
Land loans in California are making a comeback! We are able to help with hard money land loans of many types, including AG land, special use land and vineyard financing, as well as commercial and residential land regardless of whether it is raw land or shovel ready. While the real estate markets are still depressed, there has been a shift in perception and the outlook is not nearly as gloomy as it has been in recent years. With that shift comes financing opportunities that have been absent for many years. Land financing is one of those. Anyone who has tried to … (0 comments)
hard money: Alternative Financing Options With Hard Money
- 08/09/11 06:39 AM
These days financing for real estate transactions can be a challenge. The banks have tightened their lending standards to the point where even quality borrowers may be unable to obtain the loans they need. This is compounded further among the smaller community banks, which make a lot of the local commercial, mixed use and other real estate loans that are not secured by an owner occupied single family residence. For those with financing issues, a potential alternative is hard money. There are both pros and cons to using hard money. The benefits include looser qualification standards. For non consumer loans, often … (1 comments)
hard money: Owner Occupied Hard Money
- 04/21/11 06:15 AM
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)
hard money: Debt to Income Ratio Required for Hard Money Loans?
- 03/08/11 09:55 AM
It used to be that hard money did not take into account a borrowers debt to income ratio. With the recent changes to lending regulations, however, even hard money loans require a debt to income ratio, or DTI, calculation to be made to ensure a borrower has the ability to repay a loan. This is true for consumer lending on residential 1-4 unit properties. In a nutshell, if you are going to live in the home or use the proceeds from the loan for consumer purposes, you must document your income and ensure you have the ability to repay the loan. … (2 comments)
hard money: What is Hard Money?
- 03/04/11 05:21 AM
Due to the current financial conditions, credit is becoming increasingly hard to come by. Many individuals who used to be able to walk into any bank and get a loan to meet their needs are now finding that there may not be any banks willing to lend to them, despite excellent credit scores and strong financials. This is especially true for real estate investors, and in particular residential real estate investors. Individuals who own too many properties (some banks may determine 4 properties too many, some as high as 10) may have a hard time obtaining any kind of financing to … (0 comments)
hard money: Hard Money Lenders
- 07/23/08 05:17 AM
America is going through tough financial times; it is no secret that many Americans have fallen victim to unscrupulous lending practices and that the most important terms and conditions were not disclosed during the negotiation of a home loan. We are going through a financial bubble and because of reforms to lending practices home owners are desperate because they no longer qualify for new loans, either because of lower property values or more stringent lending guidelines. As the saying goes, desperate times call for desperate measures but, the measures that most people are taking are definitely not the best ones. A few … (0 comments)
hard money: Hard money basics for today's market
- 06/13/08 12:14 PM
I deal almost exclusively with hard money lenders, working with both borrowers and brokers to match a particular transaction with an investor. In addition, I do have access to in house funds and serve as a direct hard money lender as well. This is my business, I do conventional loans for family, friends, referrals, but my main source of business is hard money. Hard money today is taking the place of what sub-prime used to be. The glaring difference, however, is the loan to value requirements. In today's hard money lending environment, 65% loan to value is typically the maximum you … (0 comments)
hard money: How to Package Your Residential Hard Money Loans
- 02/23/08 05:41 PM
If you're a broker in today's market, you know that money has tightened up dramatically. Hard money has become the new subprime, and many brokers are finding themselves placing hard money loans for the first time. To make things more difficult, hard money lenders are inundated with loan requests. If you don't already have relationships with individual lenders, you need to package your file properly to ensure it gets a fair shake. All files are going to require the same basics, 1003, credit report, appraisal, signature authorization, mortgage statements and hazard insurance. Make sure you have these items before trying to … (1 comments)
hard money: Commercial Hard Money Loans
- 02/15/08 06:00 AM
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. … (0 comments)
hard money: Hard Money Solutions For Commercial and Construction Transactions
- 02/05/08 04:42 PM
Commercial properties financed with hard money are increasingly becoming a viable option to that of institutional money. Some of the reasons for this include institutions wanting fully amortized payments and/or amortizing these payments over a shorter time frame than the traditional 30 years. Additionally, for acquisition of commercial property, the main concern with hard money lenders is the collateral value, not the debt service of the property, making the approval process more streamlined. Even a property that does not meet the required debt coverage for an institutional loan is a fundable loan with private money investors.Raw land and construction are additional … (0 comments)
hard money: Hard Money Options
- 02/05/08 04:31 PM
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)
Hard money loans are an alternative form of financing. We explore the real estate world and options that hard money lenders can bring to the table.
Chris Goulart, DRE Lic. # 01458390 NMLS Lic. # 298819 DWJ CA Broker Lic. # 01180522
Land loans in California are making a comeback! We are able to help with hard money land loans of many types, including AG land, special use land and vineyard financing, as well as commercial and residential land regardless of whether it is raw land or shovel ready.
;)
;)
;)
