Pros and Cons of Alternative Lending Disadvantages of Hard Money Fees – Both borrowers and investors in the hard money arena are often overzealous. Borrowers coming in with the wrong expectations can easily fall prey to unscrupulous lenders. One of
The Freedom of Alternative Lending. Alternative Lending is like Rugby. I played high school football. My primary position was defensive line. As many can attest, football is a rigid sport. It forces its players to work within a structured environment
Environmental concerns are becoming more and more prevalent. The Comprehensive Environmental Response, Compensation, and Liability Act essentially says if you own it you own the problems. For this reason, lenders often run whenever they see the words “Environmental.” Learn how you can better navigate receiving funding for such properties.
Seek first to Understand Clearly establish your client’s needs. Ask them what they want and need. Fully understand their situation. It’s your job to understand what they can pay, what the land is worth, what their minimum needs are and
Why are lenders beginning to reduce their LTV parameters? We have kept a 50% LTV requirement for our entire existence for fear of ever going underwater on any of our loans. In recent months other lenders are beginning to see what