Hard money lending is not what it used to be. I recently published an article in the Scotman’s guide, a guide to private lending for mortgage professionals, that discussed the changes that have occurred in hard money lending. These changes have been substantial and include changes to underwriting, funding, servicing, etc.. To read the full article please see: http://www.fairviewlending.com/news/WeinbergCOM0211.pdf.
Fairview Lending is the leader in hard money / private money lending. They can lend on both residential properties (non owner occupied) and commercial properties in GA, CO, and IL. More information on Colorado hard money lending: www.cohardmoney.com; more info on Atlanta hard money: www.georgiahardmoney.com, and more information on Chicago hard money: www.fairviewlending.com/Chicago_Hard_Money.htm
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