Myth: Hard Money Lenders Are Predatory
Sure, there are some bad apples who overcharge clients and take advantage of special circumstances clients tend to find themselves in like getting a decline from their conventional lender three to four days before escrow has to close or having their home a few days away from a tax sale auction. But, not all lenders are created equal 😊. As a hard money lender, I can attest to doing a lot of good for clients who have been rejected by institutions who can care less about their situation and what lead them to the position they are in. Banks want the three things to...Read More
Cannabis Lending: Marijuana Loans for the Hard Money Broker
Do you remember when your parents said your love of marijuana would get you a first-class ticket on the road to nowhere? It turns out they were wrong. These days, that skunky pot odor translates into the sweet smell of success thanks to the booming cannabis industry. You just need to get a marijuana loan to open a business, then you can start raking in the profits. Considering that marijuana is a $2.75 billion industry in California, those profits can be huge. There is one problem though, and it could cause your entire plan to go up in smoke. You don’t have the...Read More
Investing… As Old As Money Itself
US investors have many options today when they are deciding where to put their money. If you turn on the television you’ll see advertisements for all kinds of online brokerage services, banks and even companies that sell gold and silver. And because of all the advertising, people are somewhat familiar with those investments. But fewer people are familiar with trust deed investing, although it’s a form of investing that is probably as old as money itself. Simply put, trust deed investing is investing in loans that are secured by real estate. At Evoque Lending, we...Read More
Questions To Ask Your Lender
There are many factors that come into play when shopping for a mortgage. For some, their interest lies in the size of their monthly payments, however, from my experience I find that the majority look for the lowest interest rate. Now, for someone venturing through this process, there are several common questions that come to mind that you should discuss with your lender. Let’s take a moment and address them one-by-one before you consider signing on the dotted line. What kind of interest rate can I get? Of course this is one of the most common questions one would...Read More
