Hard Money Lender

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 [...]

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Even as the rest of the economy reels from the aftereffects of the credit crunch, many private lenders are cashing in by providing loans to customers rejected by their banks. Though many major financial institutions and lenders are tightening their belts and their standards, smaller firms are finding a new market among those who were [...]

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