There are a number of outfits advertising hard money lending. Fairview is unique since we strictly lend our own money and there are no upfront fees. We fund deals we commit on and close quickly. There are no upfront fees. Before selecting a private lender, it is recommended that you look at the “free guide to hard money lending” (http://www.fairviewlending.com/hardmoneylenders.htm) which provides hundreds of resources on private lending / hard money lending. Also please visit Colorado hard money (www.cohardmoney.com) to learn more about private loans in Denver and throughout Colorado and Georgia Hard Money(www.georgiahardmoney.com) to learn more about private loans in and around metro Atlanta
I just saw the existing home data for February (http://www.bloomberg.com/news/2011-03-21/u-s-february-existing-home-sales-fall-to-4-88-million-rate.html ). Sales of existing homes continues to slump. The foreclosure glut continues to drive prices down as well. There continue to be liquidity issues in the market which is further constraining new purchase transactions.
Fairview continues to lend on both residential (investment properties only) and commercial properties. We are strictly lending with our own funds and therefore have the flexibility to close transactions that other traditional lenders cannot. For more information on Colorado Lending please visit: www.cohardmoney.com , for Atlanta lending www.georgiahardmoney.com , and for Chicago lending: www. fairviewlending.com
There was an interesting article on CNN where Case/Shiller predicted a double dip in the housing market. What is leading this decline? In my opinion the number one driver right now is oil prices. Many of the hardest hit areas were “exurbs” for example in Atlanta metro: Lawrenceville would be considered an exurb. In the Denver market, Castle Rock would be considered and exurb. These areas were typically filled with newer homes and catered to borrowers moving up int he market. Many of these areas have seen the highest percent of foreclosures. The majority of folks that live in these areas commute to larger cities in order to work. As gas prices continue to move above three dollars they take a larger bite out of the family budget. This leads to a downward trend in prices as more people lose houses to foreclosure and new buyers are reluctant to relocate to the area since it will be too expensive to commute to their job.
Fairview is actively lending in Denver, Atlanta, and Chicago. We are a direct private lender that does not charge up front fees. No appraisals are required and we solely close loans with our own funds.
It appears real estate values continue to decline after the latest release of S&P/Case Shiller index. The majority of cities saw continued declines in values. So what is behind this decline
- increased interest rates: rates have recently come off the historic lows which limits borrowers purchasing power
- Continued tough underwriting standards by banks; banks have not gone back to the lax underwriting days and credit remains tight
- Influx of foreclosed houses: the recent stall in foreclosure due to document snafus has merely delayed the inevitable
- Continued uncertainty in the job market
The factors above in my opinion are the contributing factors in the continuing real estate market decline. I don’t think we are totally at the bottom yet either. For more information on the Denver market please visit www. cohardmoney.com and for the Atlanta market: www.georgiahardmoney.com
Fairview Lending, the leader in Hard Money Lending, is pleased to announce the creation of a new page full of hard money resources for both the borrower and broker. This page contains article on hard money lending from National Publications, presentations given to lenders/brokers on hard money lending, and various articles on hard money lending and private lending. There are a number of must read articles for both borrowers and brokers. The information could save borrowers thousands of dollars of fees and other tricks used by other lenders. Fairview is the leader in hard money lending and private lending and is pleased to provide these valuable hard money resources to borrowers and brokers. More information can be found at: http://www.fairviewlending.com/hard-money-lending-resources.htm
I don’t know how many folks are following the legislation, but there was an interesting article in the Wall Street Journal regarding the new legislation. Under the pending legislation banks would be required to maintain a “risk” portion of the loan for at least the first two years. Wells Fargo has proposed altering the legislation so that borrowers would put down 30% in order to not retain a risk portion for the bank and tie up their liquidity. This proposal poses serious issues for the housing market. If borrowers are required to put 30% down this will greatly reduce the value of properties most buyers can afford. This is definitely interesting legislation that all of us need to stay tuned to.
For information on hard money lending, hard money loans, and hard money lenders please visit www.fairviewlending.com. For information on Colorado hard money loans & Colorado private loans please visit: www.cohardmoney.com and for information on Atlanta hard money lending please visit: www.GeorgiaHardMoney.com. Fairview is the leader in hard money loans and private loans in Atlanta and throughout Colorado
Fairview Lending specializes in hard money lending / private lending in CO, GA, and IL. We actively watch real estate values in our key markets. There was a recent article on Bloomberg regarding the state of the housing market: Housing’s anemic rebound gives little boost to U.S. economy.
This is an interesting article that basically states that housing prices should begin to increase but at a very slow pace. I think we are in for the long haul on housing prices. With the foreclosure overhang, it could be years basically kicking around the bottom of the market. Substantial changes in employment will have to occur in order to stabilize the housing market. Unfortunately on the horizon, I see the employment looking weaker (especially in the public sector) which will put a lid on housing prices. If you disagree / agree, please leave a comment with your thoughts
For more information on the Denver real estate market: www.cohardmoney.com and for more information on the Atlanta real estate market: www.georgiahardmoney.com
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 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
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