Hard money, or private lending, means lending capital to real estate investors, secured by the property itself, rather than buying property directly.
Log in to followFunded a $95,000 first through a loan broker in early 2023. Single family rental in a slow secondary market, borrower was buying to hold and refinance out. Appraisal came in at $1…
I sold my share of a mechanical outfit last year and have 140k sitting in a money market. A GC I subbed alongside for six years called me about a flip he's got under contract and…
I'm trying to get the vocabulary straight before I put money into a first loan. Everyone writes rates like "11 and 2," and I understand the 11 is annual interest. The 2 is points,…
I've been planning a first rental purchase for about a year and the money has been sitting in a savings account earning something embarrassing. A flipper I know through a local me…
$142,000 bridge on a gut rehab the borrower already owned. He'd bought it a year earlier with cash, torn out most of the interior, and run dry. My money went in as a refinance, $9…
I have been calling servicers for a few weeks trying to understand what the service layer around private lending actually is, since that side of the business is where I keep landi…