Jalem Grome Has Released A List Of The Top 100 Hard Money Lenders
This list covers just about every residential area in the United States with lenders that specialize in both single family and multifamily properties. All lenders included in this list will only finance Non Owner Occupied investment properties.
- (1888PressRelease) July 14, 2010 - New Orleans - Jalem Grome of The Alternative Funding Group has Just release a list of the nation's Top Hard Money Lenders. Jalem Grome says that as banks slowly make their way back to the investment lending side of real estate, Hard Money Lenders have been more than willing to finance investment properties.
This list covers just about every residential area in the United States with lenders that specialize in both single family and multifamily properties. All lenders included in this list will only finance Non Owner Occupied investment properties.
Hard Money Lenders are not like banks, many of the Hard Money Lenders are comprised of private investors. The benefit to dealing with private investors is that the only thing that really matters are the profits in the potential deal. This is reason Hard Money Lenders can overlook the investors credit because the actual property that's being flipped is used as the collateral in order to secure the deal.
True asset based or "Equity based" lending is easier to obtain for borrowers who do not conform to typical lending standards.
• They may have no, little or terrible credit.
• They may have little income to support the payments, and may need to rely on the loan itself to pay back the lender until the property is either sold, refinanced, or their income resumes.
• They may also have little or no down payment on a large commercial purchase transaction, as would otherwise be required, because they are buying it under value.
• They may have struck a deal with the seller to lend them the remaining balance of the purchase price, not covered by the first position mortgage.
For more information on how to partner with a hard money lender in order to rehab your investment property, please visit http://www.yeswecanloan.biz
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