Los Angeles Private Lender Expands into Distressed Residential MarketOctober 17th
Private money (used interchangeably with “Hard Money”) can be accessed for commercial real estate transactions through several avenues. There are large Hard Money funds that allocate pools of private cash, in addition to wealthy individuals who extend loans independently. Private lenders distinguish themselves from other sources of capital primarily through their flexible borrowing requirements. While banks and other institutional lenders maintain strict guidelines as to deal quality, private lenders focus more on potential upside and value of the involved real estate. They are often willing to extend financing under traditionally undesirable circumstances (poor sponsor credit rating, class C building, ailing market, etc.). Private money moves much faster than other institutional financing, and as a result can be utilized in quick-close transactions.
Two Real Estate Powerhouses Unite to Offer Information, CapitalOctober 17th
San Francisco ChronicleOctober 17th