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Hard Money Lending: the new game in town
As I’m sure you have heard conventional lenders are not lending to most borrowers for various reasons. To get a conventional loan borrowers have to jump through many more hoops for a very straightforward loan. If a borrower cannot fully show their income there is no hope with a conventional lender. For example if someone were self employed they can almost forget a conventional loan. What is a borrower to do that is financially capable of a loan?
Hard Money Lenders:
Hard Money lenders are no longer the lenders of last resort. They are one of the few groups with cash available to lend. A hard money lender, since they are typically not banks, has the capability to do loans that conventional lenders no longer can fund.
How is Fairview different than other hard money lenders?
Hard Money lending is the wild west of lending. It is largely unregulated so borrowers & brokers need to beware. Many hard money lenders charge up front fees and basically make a large portion of their profit on these fees. Fairview is different; Fairview never charges upfront fees or other due diligence fees prior to loan commitment. Fairview strictly lends its own money so when you call you talk directly to the lender.
How can I learn more about hard money lending?
Fairview has multiple websites with an abundance of information on hard money loans and hard money lenders:
www.fairviewlending.com : General information on hard money lenders; hard money questions, and hard money information
www.cohardmoney.com: Denver Colorado hard money lenders
www.georgiahardmoney.com: Atlanta Georgia hard money lenders
Hard Money Lenders
I am commonly asked how does a borrower go about selecting a hard money lender? This can be a tricky task in today’s economy. There are many folks on the internet claiming to be hard money lenders that are actually brokers or loan arrangers. The questions to ask are as follows:
1) Do you fund with your own capital? Fairview strictly lends its own money
2) Are there upfront fees? Fairview does not charge any fees prior to commitment
3) Have there been complaints against the lender? Google the lenders name and see what comes up, look at various message boards, etc…
4) Does the lender actually fund loans? Talk with the lender and ask them about their recent fundings
5) Can you talk with the decision makers? Fairview makes all decisions in house and performs its own property inspections
6) Does the deal sound too good to be true? Do you for example have a 580 credit and a lender offering you a 3% non-recourse loan?
Fairview Lending is a direct hard money lender. There are no upfront fees or games. We strictly lend our own money and close loans quickly. More information can be found at www.fairviewlending.com. For Denver and Colorado hard money: www.cohardmoney.com for Atlanta hard money www.Georgiahardmoney.com
Do you know your loan broker?
There was an interesting article in the Wall Street Journal (www.wsj.com ) regarding mortgage brokers / Loan arrangers. In this article the author discussed a drastic rise in the fees that borrowers were being taken for without actually getting a loan. Within the lending industry this is a huge problem where a handful or lenders, brokers, loan arrangers, etc… promise the moon to folks and take their money without producing results.
Fortunately Fairview is different. Fairview is a direct hard money lender that funds its own loans, underwrites its own loans, and services the closed loan. There are no upfront fees for Fairview to evaluate a loan and let the borrower/broker know whether the transaction will fit into our hard money lending guidelines.
As a borrower, how do you protect yourself? First Google the broker/loan arranger/lender to see what comes up (i.e. lawsuits, negative postings, etc…). Second, call the lender directly to ask about their programs. Finally, if a transaction smells to good (borrower has a 500 credit and is promised a 3% interest rate) then it likely is too good to be true.
Fairview Commercial Lending is a direct hard money / private money lender. We have offices in Georgia (www.georgiahardmoney.com) as well as in Colorado (www.cohardmoney.com). We never charge any upfront fees and guarantee an honest answer quickly. Fairview also services loans for both our own portfolio and others (www.fairviewservicing.com) and can be reached at 404.634.1270 or http://www.fairviewlending.com/contact.htm
Hard Money lending
Fairview is a direct wholesale hard money lender. We strictly make hard money loans. Fairview will always give an honest yes or no answer quickly with no fees prior to commitment. Fairview Lending is focusing its hard money lending efforts on the following markets: CO, IL, GA, and MT. Fairview can close your hard money transaction quickly with no upfront fees. For details on Atlanta hard money please visit www.georgiahardmoney.com. For details on Denver hard money and Colorado hard money please visit: www.cohardmoney.com. For details on IL and MT hard money please visit www.fairviewlending.com.
Due to the overwhelming response from our no fee promotion in April, the offer has been extended through May. During the month of May, there are no inspection/appraisal fees on any Atlanta hard money transactions or Denver Hard money transactions. Many Atlanta and Denver lenders require exorbitant fees for appraisals and Inspections. Fortunately Fairview is not one of these lenders. There are No inspection or appraisal fees on any hard money transaction during the month of May. This includes small balance commercial loans along with non owner occupied residential properties. Since Fairview is local, we can close your Atlanta hard money and Denver hard money loans quickly. Call us today: 404.475.5869 or 303.459.6061 or e-mail: info@fairviewlending.com. The Fairview team looks forward to closing your next hard money transaction.
More information can be found at www.georgiahardmoney.com and www.cohardmoney.com
Denver and Atlanta Hard Money: No upfront fees or appraisals in April
Due to the overwhelming response from our no fee promotion in March, the offer has been extended through April. During the month of April, there are no inspection/appraisal fees on any Atlanta hard money transactions or Denver Hard money transactions. Many Atlanta and Denver lenders require exorbitant fees for appraisals and Inspections. Fortunately Fairview is not one of these lenders. There are No inspection or appraisal fees on any hard money transaction during the month of April. This includes small balance commercial loans along with non owner occupied residential properties. Since Fairview is local, we can close your Atlanta hard money and Denver hard money loans quickly. Call us today: 404.475.5869 or 303.459.6061 or e-mail: info@fairviewlending.com.
More information can be found at www.georgiahardmoney.com and www.cohardmoney.com
No Inspection/Appraisal fees extended through April
Due to the overwhelming success of our no Appraisal/Inspection fee initiative in March, Fairview has extended the offer through April in Denver and the Atlanta Metro Area. During the month of April, there are no inspection/appraisal fees on any Denver Hard Money or Atlanta Hard Money transactions. Details on our Denver Hard Money transactions can be found at www.cohardmoney.com and for Atlanta Hard Money www.GeorgiaHardMoney.com .
Fairview is a direct lender funding hard money loans in both Atlanta, Denver and throughout Colorado. We can fund both non-owner single family homes as well as commercial. We have funded hundreds of Atlanta hard money transactions and Denver Hard Money transactions. We look forward to funding your next hard money transaction. Call us today for Atlanta Hard Money: (404) 475 5869 or for Denver hard money and Colorado Hard Money (303) 459 6061 to discuss your transaction directly with the lender. We have offices in both Denver and Atlanta to support all of your hard money needs in Denver and Atlanta.
Fairview is pleased to announce the creation of two new blogs focusing on hard Money. The first blog is focused on Denver Hard money and Colorado Hard Money (www.cohardmoney.com) and the second blog is focused on Atlanta hard money (www.georgiahardmoney.com). These two blogs will focus on their respective markets. Fairview has offices in both Denver and Atlanta and can close hard money loans in both locations.
Fairview is a direct Denver hard money lender and a direct Atlanta hard money lender. All we do is hard money lending and can close loans quick. There are never any appraisals or BS fees that other lenders charge. You can call us directly and actually speak to a decision maker today. In Colorado please call 303.459.6061 and in Atlanta 404.475.5869 or e-mail us at info@fairviewlending.com.
Atlanta Hard Money: inspection/appraisal fees waived in March (www.GeorgiaHardmoney.com)
Fairview is pleased to announce that all inspection/appraisal fees in Atlanta are free in March
Many Atlanta Hard Money lenders charge inspection/appraisal fees. These fees can run from $500-$5,000 dollars. Fairview is in the business of actually closing Atlanta hard money loans as opposed to other lenders that are more interested in collecting fees as than actually closing loans. Fairview is waiving all inspection/appraisal fees the month of March in Atlanta. Fairview’s process is simple; fill out our one page application online (www.GeorgiaHardmoney.com) and Fairview will call/e-mail to discuss your transaction. During the month of March all inspections/appraisals are free so the borrower has nothing to lose. Call Atlanta’s leading hard money lender today to discuss your specific transaction (404.634.1270).
Fairview is a direct lender funding hard money loans in both Atlanta and throughout the Atlanta metro area. We can fund both non-owner single family homes as well as commercial properties both in Atlanta and throughout the suburbs of Atlanta. We have funded hundreds of Atlanta hard money transactions and look forward to funding your next Atlanta hard money transaction. We are experts in the various markets and submarkets throughout the state of Georgia including Atlanta, Dunwoody, Sandy Springs, Druid Hills, Decatur, Marietta, and everywhere in between. We have a local office in Atlanta, Georgia to handle all of your Atlanta Hard money needs. Call us today at (404) 634 1270 to discuss your Atlanta hard money transaction. Also please visit: www.georgiahardmoney.com for more details on our programs.
Atlanta Hard Money recent closings (www.georgiahardmoney.com)
Fairview is pleased to announce the closings of the following hard money transactions in Atlanta
1) Brookhaven hard money non-owner single family (SFR) cash out refinance
· Borrower owned property free and clear
· Borrower had low credit scores
· Borrower self employed and needed to tap equity in a rental home for working capital
2) East Cobb hard money non-owner single family (SFR) cash out refinance
· Borrower needed cash quick
· Borrower self employed and lived out of state
· Borrower’s credit below 550
3) Atlanta hard money small commercial cash out refinance
· Borrower needed cash quick
· Borrower used property for business
· Borrower’s credit not great and borrower had a number of outstanding credit card bills that needed to be resolved
Fairview is a direct lender funding hard money loans in both Atlanta and throughout the Atlanta metro area. Above are just three of the many recent Georgia hard money fundings. We can fund both non-owner single family homes as well as commercial properties both in Atlanta and throughout the suburbs of Atlanta. We have funded hundreds of Atlanta hard money transactions and look forward to funding your next Atlanta hard money transaction. We are experts in the various markets and submarkets throughout the state of Georgia including Atlanta, Dunwoody, Sandy Springs, Druid Hills, Decatur, Marietta, and everywhere in between. We have a local office in Atlanta, Georgia to handle all of your Atlanta Hard money needs. Call us today at (404) 634 1270 to discuss your Atlanta hard money transaction. Also please visit: www.georgiahardmoney.com for more details on our programs.
Atlanta Hard Money recent closings (www.georgiahardmoney.com)
Fairview is pleased to announce the closings of the following hard money deals in Atlanta
1) Atlanta hard money non-owner single family (SFR) cash out refinance
· Borrower owned property free and clear
· Borrower had low credit scores
· Borrower self employed and needed to tap equity in a rental home for working capital
2) Decatur hard money non-owner single family (SFR) cash out refinance
· Borrower needed cash quick
· Borrower self employed and lived out of state
· Borrower’s credit below 550
3) Sandy Springs hard money non-owner single family (SFR) cash out refinance
· Borrower needed cash quick
· Borrower used house as a rental property
· Borrower’s credit not great and borrower had a number of outstanding credit card bills that needed to be resolved
Fairview is a direct lender funding hard money loans in both Atlanta and throughout the Atlanta metro area. Above are just three of the many recent Georgia hard money fundings. We can fund both non-owner single family homes as well as commercial properties both in Atlanta and throughout the suburbs of Atlanta. We have funded hundreds of Atlanta hard money transactions and look forward to funding your next Atlanta hard money transaction. We are experts in the various markets and submarkets throughout the state of Georgia including Atlanta, Dunwoody, Sandy Springs, Druid Hills, Decatur, Marietta, and everywhere in between. We have a local office in Atlanta, Georgia to handle all of your Atlanta Hard money needs. Call us today at (404) 634 1270 to discuss your Atlanta hard money transaction. Also please visit: www.georgiahardmoney.com for more details on our programs.