Hard Money Lender

by Pitbull Mortgage School

Hard Money Lender header image 1

Entries from July 2008

Hard Money Loans of 75 Million

July 24th, 2008 · No Comments

Bridgelock Capital, LLC has announced it is responsible for funding $75 million in hard money loans. A combination of residential and commercial loans have been made in western states which include Home Equity Line of Credits, Adjustable Rate Mortgages, and Bridge loans.
Bridgelock seems to be strong despite the weakening economy and are aggressively pursuing hard [...]

[Read more →]

Tags: Hard money lender · Hard money lending · Hard money mortgage lending

Couple Depends on Real Estate Market for Retirement

July 11th, 2008 · No Comments

Jana Richard, an English teacher in Beaumont, Texas, recently started The Mortgage Warehouse to help people purchase a moderately priced home. She hopes to target customers who have credit troubles and counsel them on how to improve their credit during their lease.
The couple will take out hard money loans to refurbish the properties for sale. [...]

[Read more →]

Tags: Hard money lender · Hard money lending · Hard money mortgage lending

California Investors Swindled in Loans

July 7th, 2008 · No Comments

About 70 investors were recently swindled out of about $6.4 million for construction loans on Malibu, California land that is considered undevelopable.  Additionally, on a similar deal brokered by the same lender, the investors claim they lost about $3.5 million.  The Malibu property foreclosed and is only worth a fraction of its appraised value.
The loss [...]

[Read more →]

Tags: Hard money lender · Hard money lending · Hard money lending business · Hard money mortgage lending