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Written by Web Master
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Saturday, 12 June 2004 |
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Commercial hard money is a loan issued to a business by another business. Collateral can take the form of a commercial property or residential investment property. As a means of receiving additional collateral for the lender a blanket mortgage can occur in which the loan is secured against a residence in conjunction with a business property. Sources of asset based commercial hard money loans are private individuals, mortgage companies, federal banks, and SBA lenders. The lenders have varying procedures. For example, a private individual might be unwilling to work out a plan of a matter of procedure in the case the loan was to become delinquent where a bank might. Penalty and application fees differ as well. |
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Last Updated ( Tuesday, 05 August 2008 )
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Written by Digibrands
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Monday, 09 August 2004 |
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Hard money lending tends to scare people. However, the lenders are not loan sharks. The loans are extremely expensive due to the high risk and as a result offer large profits for those willing to gamble. |
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Last Updated ( Tuesday, 05 August 2008 )
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Written by Digibrands
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Monday, 09 August 2004 |
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Hard money lending companies offer real-estate backed loans. The loans are short-term and provide funding based on the value of real estate which has been collateralized. |
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Last Updated ( Tuesday, 05 August 2008 )
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