I found a wonderful article discussing the most popular reasons for choosing private or hard money. Although it can be a pricier option, it also offers opportunity to those shunned by the bank. JD Esalen, a popular flipper, wrote this about three very popular reasons when private money makes sense. A common obstacle among real […]
Why is the Purpose of the Loan Important?
When the intended security property for a mortgage is a one to-four residential unit, the facts will determine whether the loan is a “consumer loan” or a “business purpose loan.” This distinction is critical in hard money lending. The Secured and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) is applicable requiring registration […]
COOPERATING BROKERS GET LOVE TWICE
Hard money loans play an important role in the real estate marketplace. They offer financing to those who otherwise would be without access to such credit, and they finance short-term borrowing needs with a quick turnaround. Conventional loan officers that refer that business to Cushner Capital Group will get two fees. One for the interim […]
13 ideas from Forbes to improve your Real Estate or Lending Business!
1. Use Social Media As an investor, in the past you would have to pay a lot of money for advertising to promote your properties if you were looking to fill your vacant spaces. Now, the best way is by posting a video or picture of your property on all your social media platforms, and […]
WHAT IS A NON-QM LOAN
Since the advent of the recent Dodd Frank guidelines, many hard money brokers and investors have resolved to only do non-owner business loans. We are still doing owner occupied first and second loans! If you have clients that do not fit into the guidelines that come with conventional lending, please give us a call. We […]
SEARCHING FOR GREAT AREAS TO INVEST REAL ESTATE DOLLARS!
Finding below market properties and profitable flips can be one of the hardest parts of real estate investing. Yet, it is a necessary step to find that next great real estate investment. Sometimes it can be difficult determining if the area you are interested in is worth pursuing. Thus, you may find the perfect property, […]
Hard money lenders go where conventional players fear to tread
By Kevin Wolfer, president and CEO, Kennedy Funding Financial LLC | bio Have you ever hit a brick wall with a traditional lender when working with a borrower that has a lingering lien, a property with environmental issues or even a pending bankruptcy? When conventional lenders back away from a deal, hard money lenders are prepared to step […]
WHEN TO USE A PRIVATE HARD MONEY LENDER
Despite calls to modify the Dodd-Frank business regulations, conventional lenders have continued with very stringent underwriting requirements that prohibit many good borrowers from being able to borrower the mortgage money they need. A private hard money mortgage loan is a great alternative to the conventional lending sources. Sometimes, borrowers do not meet the bank’s minimum […]
Using a Self-Directed IRA to Loan
There are many investments to place your IRA money into, not just stocks or mutual funds. When considering what to investing in for retirement, why not consider real estate or Trust Deeds? California real estate values have remained strong for many years. So, why not invest in either a property or loan on a property? […]
Hard Money Borrowers Often Hear the Word “NO”!
No one likes to hear “no” when asking for something they want or need. It’s especially painful when “no” comes after applying for a mortgage loan to buy a personal home or investment property. However, with more than 19 years in the lending business as both a conventional and a hard money lender in California, I have […]