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 [...]
Entries from July 2008
Hard Money Loans of 75 Million
July 24th, 2008 · No Comments
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. [...]
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 [...]
Tags: Hard money lender · Hard money lending · Hard money lending business · Hard money mortgage lending