Posts written by Chuck Townsend
What is the difference between a private lender and a hard money lender? To me there is little difference, and the terms are interchangeable. Hard money lenders are private parties, generally individuals or small groups of people, as opposed to a public entities like a… Continue reading
From Seeking Alpha by Don Dion October 2, 2013 – 9:05am TWO GREAT NAMES IN AMERICAN INVESTING The name Goldman Sachs (GS) has been one of the premiere names in investment banking in America since the 1800s. However, its sterling reputation did not prevent the… Continue reading
A bridge loan is a short-term loans used to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a price discount. The “bridge” buys the borrower sufficient time to arrange traditional long-term financing, improve/re-position a property for re-sale or close… Continue reading
For a cash-out refinance, a hard money lender may be the answer. Recently, we were able to help a borrower who found himself in this exact situation. He owned a free and clear, fully-leased commercial property and approached a local bank to make him… Continue reading
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