How To Apply For A Hard Money Loan

10.05.16

To apply for a hard money loan, first, identify the right lender. Then identify the collateral you want to use as security. An appraisal will be ordered by the lender. The application process for an asset-based hard money loan is simple and doesn't involve prolonged review periods.

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Is Asset-Based Lending Dangerous And Should I Consider It For My Next Real Estate Venture?

10.05.16

Are you looking for working capital to support the growth of your real estate portfolio? Asset-based loans are a much needed source of capital if your real estate portfolio is growing or if you are in the middle of restructuring your portfolio. Asset-based hard money lenders enable you to make use of purchasing opportunities without touching your business capital.

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Hard Money Lenders Stepping In For You

10.05.16

Commercial Hard Money loans helped the market heal after the Great Recession. Many investors hand equity available to take advantage of buildings that were priced for very high returns. Traditional lenders were not willing to lend or offered unreasonable terms. While traditional lenders encouraged a market paralysis, hard money lenders stepped up.

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The Benefits Of Borrowing From A Private Commercial Hard Money Lender

10.05.16

As a private commercial hard lender, Riverdale Funding provides capital to borrowers using funds from its own portfolio. Hard money lenders utilize asset-based financing to evaluate borrowers, which is different than traditional lenders. Also the turn around time for hard money loans is significantly shorter that the traditional process.

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How To Choose The Right Bridge Loan Lender

10.05.16

But what could also be happening is that your “lender” is actually acting as a mortgage broker. This is not a knock on mortgage brokers. They can play a very valuable role in helping source the right loan and programs for a borrower. However, what this means is your bridge lender may not have access to its own source of money to fund loans.

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How To Decide On A Hard Money Lender

10.05.16

There are times when going to a bank is not an available option to get a loan. When looking for a hard money lender it is important to not limit your search to only "neighborhood" banks. Riverdale Funding can lend across the country on a variety of commercial property types.

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Why Choose A Commercial Hard Money Loan Over A Traditional Bank Loan

10.05.16

When applying with a traditional bank, borrowers will have to go through a strenuous financial background check. This makes the approval process a long and uphill battle. Commercial hard money loans on the contrary are less strenuous and quicker to approve. You do not need to have a stellar credit score to be approved.

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What Does LTV Mean?

10.05.16

It is important to understand loan-to-value or LTV before applying for a loan. LTV refers to how much of a property's value a lender is willing to lend. A property's appraisal is typically assessed by an appraiser.

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Does Your Property Qualify For A Commercial Hard Money Loan?

10.05.16

In order to qualify for a hard money loan, your property needs to have value and equity. 3 ways to evaluate the worth of your property. The first step is to check the market value of your property. Properties located in better locations have a better chance of receiving financing. Last, clear property title is necessary to offer a hard money loan.

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Hard Money Broker Partner With Lender

10.01.16

Best practices for Hard Money Brokers partnering with Lenders. With the resurgent economy, many investment opportunities are arising and savvy investors are looking to profit. Commercial hard money lenders, like Riverdale Funding, offers alternative lending solutions to investors. Riverdale Funding welcomes partnerships with mortgage brokers.

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