Hard Money – When Time Is Of The Essence

We’ve all been there; an opportunity presents itself that is just too good to be true. Your head juggles the million and one things that are on your “to do” list that need to be taken care of in order to make it a reality, and of course at the top of that list, is the need for the all mighty dollar. Such was the case for someone that we knew all too well. A couple of weeks ago an old familiar face dropped by, it was an existing client who had called upon our services for a hard money loan on, believe it or not, more than ten previous occasions. With a smile that...

Hard Money And The Market

You can learn some important lessons in college, although sometimes they come from unexpected places. Many college students are required to take a basic economics course. A friend – whose major was not economics – recently told me that one of the most important things he learned in college came from his macroeconomics introductory course. They were discussing supply and demand and the stock market. His professor had his students hunt down several “investment letters.” He then asked his students a very simple question: If the people who write these investment...

Hard Money, When The Answer Is No

None of us likes to hear the word “no” when we ask for something and it’s especially painful when when the “no” comes after applying for a loan to make a major purchase, such as a home or investment property. However, with more than 15 years in the lending business as a hard money lender in California, we have met many people who “won’t take ‘no’ for an answer,” and they merely look for another lender when they’ve been turned away by a bank or another conventional lender. You have to love their spirit and determination – it really pays off in the long run. If...