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 for $15 million to build homes, mixed use and commercial. This lendr is calling me to schedule the conference call. Media says businesses aren't receiving calls back...that is true but for commercial real estate..that is not the case.
Wall Street did not go crazy with regards to commercial. Sure some did..but most didn't. Most want 20% or more for downpayment with the exception of construction after value. Commercial properties have less risk when more than one tenant exist. On the residential side for a single family unit all the risk is in the wage earner or reliance on a self employed statement of income.
Real Estate is still the leading cause of millionaires across the country!
Charles Hennebeul
Owner
American Cash Solutions Inc
http://www.mybuildingfunds.com
631-368-2219
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