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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Bridge Loans Help Those With Bad Credit

10.01.16

Bridge Loans Help Those with Bad Credit. Managing finances is not something that comes easy for everyone and sometimes a few mistakes are made along the way resulting in bad credit. Bridge Loans are a good option for those who have struggled with bad credit because the loan is backed by the value ofthe property rather than credit worthiness.

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Financing Commercial Properties With Hard Money Loans

09.29.16

For some deals, commercial hard money loans are an appropriate way to get the deal underway. Private money loans are more lenient in the kind of requirements that you normally associate with real estate financing. The collateral is the property. If you are making a purchase of a distressed property that has an inherent value, a hard money loan may be feasible while a more traditional mortgage loan may not be.

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Hard Money Loans vs a Bank Loan. What's the Difference?

09.28.16

By outlining the basic lending practices of banks and hard money lenders, it will be easier for a borrower to undestand their differences. Commercial hard money lenders offer short term loans that require less paperwork. Hard Money lenders use your real property as collateral for their loan.

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Top 5 Advantages of Getting a Commercial Hard Money Loan

09.23.16

The commercial real estate industry has a variety of property types and even more variations of borrowers who own or are looking to own them.

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