Fairview Lending (www.fairviewlending.com) the leader in hard money lending is pleased to announce the creation of two new blogs. These blogs are focused solely on hard money lending and private lending in Denver and Atlanta. Coming soon to each blog are updated predictions for 2011 hard money lending as well as dedicated resources for both Atlanta hard money and Denver Hard money. Our main site www.fairviewlending.com also has tons of information on hard money lending, hard money lenders, and frequently asked hard money questions.
For Denver hard money: www.cohardmoney.com
For Atlanta hard money: www.georgiahardmoney.com
Fairview Lending is well know throughout the industry as a leader in non owner residential and commercial lending in both Colorado and the Atlanta metro area. As the leader in Hard Money lending it is imperative to help educate both borrowers and brokers about hard money lending. To continue this education of hard money lending, Glen Weinberg will be publishing an article in January in the Colorado Real Estate Journal (www.crej.com). Glen is recognized throughout Colorado and the Denver metro area as a leader in hard money lending. The upcoming article will answer the following questions. It is a must read for any Colorado hard money borrower or broker. These same items discussed in the article are applicable to our hard money lending programs in Atlanta and throughout Colorado. More information on Colorado hard money can be found at www.cohardmoney.com and for Atlanta Hard Money: www.georgiahardmoney.com
- What is Colorado hard money lending?
- What are the reasons that loans fall out of traditional underwriting guidelines that necessitate a hard money loan?
- How is a Colorado hard money lender able to close a loan that a traditional lender cannot?
- What is an example of a recent hard money transaction?
- What are the key criteria for a hard money loan?
- What is typical pricing for a Colorado hard money transaction?
- What should borrowers/brokers be aware of before utilizing a Colorado Hard Money Loan?
All these questions and more will be answered in the upcoming article. In the interim if you need information on a Colorado hard money loan; please contact us at 303..459..6061 in Colorado or 404..475..5869 in Atlanta
Fairview is the leader in Atlanta Private Lending. Fairview has recently closed a number of Atlanta Private lending transactions on both residential properties (not primary residences) and commercial properties in and around Atlanta. These recent transactions include closings in Sandy Springs, Dunwoody, Virginia Highlands, and Druid Hills. Fairview is the leader in Atlanta private lending. More details can be found by visiting: www.georgiahardmoney.com or calling 404.475..5869. We look forward to closing your next Atlanta private lending transaction.
Fairview has recently closed five private lending transactions in and around the Denver metro area including Longmont, Denver, Boulder, Colorado Springs, and Fort Collins. These closings consisted of both single family homes(not primary residences) along with commercial properties. More details on Fairview’s recent Denver Private Lending closings can be found at: www.cohardmoney.com or call us at 303…459.6061. Fairview is the leader in Denver Private lending.
Fairview is pleased to announce that it has recently closed a number of hard money loans in both Atlanta and Denver. These closings were both on non owner occupied residential properties. Banks and other hard money lenders have left a void in the private lending arena. Many borrowers need loans for longer than a year, but not a full 30 year fixed loan. Fairview is able to fund hard money loans as long as 3 or 5 years to give borrowers ample time to sell the property and/or clean up their credit to enable them to transition into a conventional loan. Fairview is different than other hard money lenders. We are direct lenders and we do not charge up front inspection/due diligence fees. Call Fairview: in Atlanta: 404..475.5869 or in Denver: 303..459.6061.
For details on our recent closings as well as the specific hard money loan parameters please visit:
For Atlanta hard money: www.georgiahardmoney.com
For Colorado and Denver hard money: www.cohardmoney.com
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
Atlanta hard money & CO hard Money closings
Fairview Lending (www.fairviewlending.com) is a leader in Atlanta hard money lending and Colorado (CO) hard money lending. Fairview has closed hundreds of hard money loans in both Atlanta and throughout Colorado. Fairview’s hard money specialties are non owner Single Family homes along with commercial transactions. Fairview strictly lends its own money and there are no upfront fees. Fairview is a direct Atlanta hard money lender and CO hard money lender. Details on recent closings are below.
Atlanta hard money Closings: http://georgiahardmoney.com/blog/?m=201011
Colorado hard money Closings: http://cohardmoney.com/blog/?m=201011
Hard Money Lenders
Fairview Commercial lending has created a guide to hard money lenders (http://www.fairviewlending.com/hardmoneylenders.htm) . This guide is meant for both hard money brokers and hard money borrowers. Fairview is a direct hard money lender that has focused its hard money lending in Atlanta, Chicago, and throughout Colorado.
The hard money lending guide discusses the following topics that every mortgage broker and borrower must read. Learn the truth about hard money lenders and ways to protect yourself and your client. Below is a list of topics to help borrowers and brokers navigate the maze of hard money lenders.
1. Before engaging a hard money lender, make sure you understand the typical process to get a hard money loan as well as the criteria required to submit an application to hard money lenders.
2. After understanding the basics of hard money lenders, it is important to explore the details of the transaction. For example one needs to understand the total cost of a loan, how hard money loans differ from other loan products and where to find answers to frequently asked questions.
3. Finally, it is important to note that not all hard money lenders operate similarly. Hard money lenders are not typically heavily regulated and have quite a bit of freedom in how they conduct their operations. Below is a list of resources to ensure that you are not taken by an unscrupulous hard money lender.
4. Details for each of these topics can be found at: http://www.fairviewlending.com/hardmoneylenders.htm
5. For details on Denver hard money and Colorado hard money: www.cohardmoney.com
6. For details on Atlanta hard money: www.georgiahardmoney.com
7. For details on Chicago hard money: http://www.fairviewlending.com/Chicago_Hard_Money.htm
Hard Money Lenders Atlanta and Denver
I am commonly asked if there are hard money lenders that are able to make small loans. Fairview is the answer. We can loan as low as 25k on commercial and non owner occupied residential real estate in and around Denver and around metro Atlanta. Fairview has an office in Denver and Atlanta and is able to close loans of various sizes. Fairview is different than other Denver & Atlanta hard money lenders in that we strictly lend our own money. There are no upfront fees or other BS. Fairview underwrites on the collateral not the borrower’s credit and therefore are able to close loans that other lenders cannot. Fairview is Denver’s hard money leader & Atlanta’s hard money leader in both commercial and residential loans.
Got a small hard money loan? Hard money loans as small as 25k
Fairview is able to close loans as small as 25k in both Denver and Atlanta. Fairview is a private hard money lender with offices in Denver and Atlanta. We are able to loan on both non owner single family homes along with commercial properties. Fairview strictly lends its own money and there are no upfront fees. For details on Denver Hard Money and Colorado hard money please visit: www.cohardmoney.com or for Atlanta hard money please visit: Georgiahardmoney.com. Fairview looks forward to closing your next hard money transaction.
Colorado Hard Money lending: Recent hard money closings
With all the doom and gloom in the economy, Fairview is still making hard money loans in Denver and throughout Colorado. Below are some of the recently closed Colorado hard money transactions:
Estes Park, CO hard money:
· Non-owner single family home owned free and clear
· Borrower’s credit impaired
· Borrower needed funds quickly for another transaction
Denver Colorado Hard Money
· Non-owner single family home listed for sale
· Property had little debt on it
· Borrower in process of buying another property and needed cash
Vail Colorado Hard Money
· Owner occupied office building
· Borrower not current with the bank
· Needed cash to pay off bank and take care of other expenses
What properties can Fairview make a hard money loan on in Colorado?
Non owner occupied single family home and income producing commercial properties (office, retail, and light industrial properties)
How can I learn more about Colorado hard money lending & Denver Hard Money Lending?
Fairview has multiple websites with an abundance of information on Colorado hard money loans and Colorado hard money lenders: www.cohardmoney.com
What areas can Fairview make loans in Colorado?
Fairview is a local Denver Hard Money Lender and Colorado hard money lender. We have made hard money loans throughout the state including: Vail, Aspen, Basalt, Carbondale, Glenwood Springs, Montrose, Grand Junction, Pueblo, Colorado Spring, Fort Collins, Denver, Evergreen, Conifer, and everywhere in between. Since we are local Colorado hard money lenders, we understand the various markets / submarkets throughout Denver and the state of Colorado. Call us locally to discuss your next Colorado hard money transaction: 303..459…6061
www.fairviewlending.com : General information on hard money lenders; hard money questions, and hard money information
www.cohardmoney.com: Denver Colorado hard money lenders and information about hard money lending in both Denver and throughout Colorado
www.georgiahardmoney.com: Atlanta Georgia hard money lenders and information about hard money lending in the Atlanta metro area
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