Ads
related to: las vegas hard money lenders
Search results
Results From The WOW.Com Content Network
Popularly known as USA Capital, hard money lender USA Commercial Mortgage Co. (USACM) was a Las Vegas, Nevada based mortgage broker owned by Tom Hantges, Joe Milanowski which went bankrupt in 2006. Rodney Balinski was also a part of the company, as Tom Hantges' and Joe Milanowski's assistant.
Hard money lenders would consider lending in this situation if they can be assured that, should the loan go into default, they can sell the house, pay off the first mortgage and still earn a ...
The hard money lender approves a loan in the amount of $170,000 — well within the typical loan limit of 70% of after-repair value. The loan term is 12 months, and the lender charges a 15% fixed ...
Hard money lenders are private investors (an individual or group) that provide short-term loans secured by real estate. While traditional lenders look closely at your financial ability to repay a ...
The loan amount the hard money lender is able to lend is determined by the ratio of loan amount divided by the value of the property. This is known as the loan to value (LTV). Many hard money lenders will only lend up to 65% of the current value of the property. [3] There is no such thing as 100% LTV for this type of transactions.
Commercial lenders include commercial banks, mutual companies, private lending institutions, hard money lenders and other financial groups. These lenders typically have widely varying standards on which they base their loan criteria and evaluate potential borrowers—but are often focused exclusively on the private market and have more lenient financial qualifications than banks.
Ads
related to: las vegas hard money lenders