Hard Money NYC, a private money lender specializing in commercial real estate financing, announced that it has closed a short term loan on a mixed use property in Bronx, New York in just 4 days.
The borrower had felt the effects of the bad economy all year round, and was in need of some capital to [...]
Posts Tagged ‘collateral’
Hard Money NYC Closes a $160,000 Bridge Loan in Just 4 Days
December 15th, 2009 by HardMoney Writer
Tags: borrower, collateral, commercial real estate financing, hard money, loan, mortgage, private money lender
more...Lehman Is On the boundary; AIG Scrambles to enjoy Itself
September 16th, 2009 by HardMoney Writer
Lehman at the brim; Merrill to copy Bought
Sunday brings two commoving events, both of which pop in intended to totter fence road to the awfully limelight when U.S. markets bring about on Monday: the near bankruptcy of Lehman Brothers also the sale of Merrill lynch. Unable to gem a buyer, Lehman appears headed over bankruptcy [...]
Tags: bank of america, bankruptcy, collateral, hard money lender, hard money news, lehman, obama
Prospects brighten
September 10th, 2009 by HardMoney Writer
Like all disasters, the financial crisis has its share of beneficiaries who profit from it. One of them is the hard-money lenders, who lend strictly on the basis of the collateral. These non-institutional lenders require a lot less paperwork than institutions because they don’t worry about whether or not borrowers can afford the payments, or [...]
Tags: borrowers, collateral, financial crisis, foreclosure, hard money lender
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