By Jim Davis, Editor of Scotsman Guide Residential Edition The housing bubble of 2008 ushered in a golden age for hard money and private money lenders. Conventional lending tightened due to worries about the economy while lawmakers in Congress and statehouses debated a host of regulatory changes. Opportunities opened for people willing [...]
Zoning codes are a set of rules that regulate what can and can't be done on a particular piece of property. They're established and enforced at the city level. In California, you can find zoning codes for virtually every city in the city's municipal code. RESIDENTIAL R1: One family dwelling RW1: One-family [...]
Originators who work with private money lenders need to understand how the money will be used By Jack Suddarth, president and founder, Equity Wave Lending Inc; and Jason E. Goldstein, Esq., attorney and shareholder, Buchalter APC Private money lenders predominately originate what are commonly referred to as business-purpose loans, usually secured by the value [...]
Most people think credit history is the most important factor when hard money direct lenders look at their application. An important concept in real estate, particularly when seeking mortgage approval, is the loan-to-value ratio or LTV. Lenders will assess this if you’re an investor and applying for a real estate loan. What Is Loan-to-Value? An [...]
