Hard Money Lender

Due to the sour economy, the lending market has tightened its reigns, and it becoming harder for consumers to receive traditional loans. Banks are extremely strict about who qualifies for a loan as they fear a default. However, as jobs disappear and prices rise, the demand for loans is great.
Therefore, many individuals have decided to [...]

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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 [...]

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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. [...]

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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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