Monday, August 31, 2009

Investment Programs: Mortgage Opportunities for Investors

Image courtesy of pbarnhart_cedarpark

What are “Hard Money” loans? In a mortgage environment that has seen banks drastically cut back on their lending programs and flexibility, hard money loans may prove to be productive alternatives for real estate investors. Hard money lenders are basically companies that pool cash from various private investors and private individuals. They look at transactions on a case-by-case basis. The loans usually involve higher rates and short loan terms, but they also allow incredibly fast turn-times and very flexible guidelines. I work with numerous hard money lenders, and I’m happy to consult with my clients to see if these programs may work for them.
Contact Christopher Patrick King of CPK Mortgage for more information: 310-215-1830.
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