The young entrepreneur we visit today is struggling with the funding for his jellyfish business. The 100,000 yuan start up funding he got from the government is about to run out. But the 100,000 yuan has never been so important to him.
Wang Wenlong has been running his aquarium company for three years. And jellyfish is [...]
Posts Tagged ‘hard money’
Young Boss, Hard Money
December 17th, 2009 by HardMoney Writer
Tags: aquarium company, hard money, industry experts, investors, marketing consultants, Shanghai technology, Wang Wenlong
more...California Department of Real Estate official discusses lending fraud
December 16th, 2009 by HardMoney Writer
Since the collapse of the housing market and the start of the recession, the California Department of Real Estate has seen its fair share of bad real estate actors and defunct hard-money lending firms.
While the department does not keep statistics to show whether fraudulent behavior is worse in this county, Jeff Davi, commissioner of the [...]
Tags: District Attorney’s Office, estate financial, hard money, hard money lenders, investments, investors, lending fraud, mortgage lending, real estate
Hard Money NYC Closes a $160,000 Bridge Loan in Just 4 Days
December 15th, 2009 by HardMoney Writer
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 [...]
Tags: borrower, collateral, commercial real estate financing, hard money, loan, mortgage, private money lender
Hard lessons for hard money investors
December 14th, 2009 by HardMoney Writer
If it seems too good to be true, then it probably is.
That could be the mantra repeated by scores of investors entangled with several local hard money lenders responsible for San Luis Obispo County residents losing millions of dollars.
Some of the investors were professionals and business owners who considered themselves to be savvy enough to [...]
Tags: bankrupty, Business owners, estate financial, hard money, hard money lenders, Hurst Financial, investors, real estate
Investors can now get results, scores on hard money lenders
December 11th, 2009 by HardMoney Writer
Thanks to a new state law, investors have the right to get scores and the examination results for hard money lenders operating in Nevada.
Hard money lenders, sometimes called private lenders, solicit money from individual investors and use the money to make short-term loans to developers and others who provide real estate as collateral.
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Tags: All Western Mortgage, foreclose, Goldwater Capital Nevada, hard money, hard money lenders, Integrated Financial Associates Inc, investors, lenders, loan, money, mortgage, Nevada Mortgage Lending Division, real estate
Judge signs claims motion
December 10th, 2009 by HardMoney Writer
The business was run by Polson businessmen Keith Kovick and Bob Congdon.
Last week, Helena District Court Judge Kathy Seeley signed a motion approving a claims submittal process that will allow investors to work toward recovering funds lost in the alleged scheme.
The process lays out a paperwork procedure beginning with a form (printed fully [...]
Tags: hard money, hard money lenders, hard money lending, investors, Montana Commissioner of Securities and Insurance, mortgage lenders, mortgage lending, Securities Commissioner
Sliding back towards a gold standard
December 9th, 2009 by HardMoney Writer
Gold broke through US$1,200 per ounce last week on rumors that the People’s Bank of China might increase the percentage of gold in its reserves. The dollar, the euro, sterling and the yen all have good reasons to weaken, yet in our current global fiat money system, they have nothing to weaken against.
Global foreign exchange [...]
Tags: Bank of China, central bank, European Central Bank, Fort Knox, global money, hard money, International Monetary Fund, money system, private sector investors
Aspen Lake Capital Launches REO and Asset Acquisition Service
December 8th, 2009 by HardMoney Writer
Aspen Lake Capital, a well-funded real estate solutions provider specialized in the secondary mortgage market, today announced the launch of its REO and asset acquisition services. The company supports investment and commercial banks, hard money and warehouse lenders, individual investors, regional and community banks by acquiring non-performing residential and/or commercial mortgages and REOs in pools.
For [...]
Tags: aspen lake capìtal, borrowers, commercial banks, global economic crisis, hard money, individuals investors, mortgage, real estate, REO properties, warehouse lendesr
The Bernanke Record
December 4th, 2009 by HardMoney Writer
Federal Reserve Chairman Ben Bernanke faces his Senate renomination hearing today, amid signs that the confirmation skids are greased. We nonetheless think someone should say that, as a matter of accountability for the financial crisis and looking at the hard monetary choices to come, the country needs a new Fed chief.
We say this not because [...]
Tags: central banker, credit mania, Federal Open Market Committee, financial crisis, financial panic, hard monetary, hard money, investors
Congdon denies fraud charges
December 3rd, 2009 by HardMoney Writer
State officials inched forward last week with their action against Bob Congdon and Keith Kovick by filing a request for a hearing scheduling conference in Helena District Court.
This moves to advance the administrative case holding that the pair committed fraud while operating Cornerstone Financial Corporation and K and B Investments in Polson.
The businessmen came under [...]
Tags: attorney offices, bad economy, big deal, borrowers, brokers, businessmen, fraud charges, hard money, hard money lenders, hard money lending, insurance, investors, Leader office, lenders, The Commissioners of Insurance and Securities
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