Thanks to improvement in the performance of industrial and healthcare property loans, delinquency on securitized commercial mortgages reversed some of the hefty deterioration during the previous month. But the share of past-due loans remains at the second-highest level in at least two years and has to potential increase further. Loans backing commercial mortgage-backed securities had [...]
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A proposal under consideration in San Bernardino County, Calif., to use eminent domain to take over negative-equity properties at the expense of private-label mortgage-backed securities investors doesn’t serve a public purpose as required by the state constitution and the U.S. Supreme Court, according to legal experts. One appeals attorney argues that the proposed program can [...]
Loans are approved easily when you are employed or having collateral to pawn against the financial assistance. On the other hand, loans are not possible to help you if you are an unemployed person and haven’t got co-signer or collateral to provide aligned with the loan for securing. This is because unemployment is contemplated as [...]
The largest auction of commercial property and bank notes in the nation’s history set for mid-May in Las Vegas is attracting national attention, but local brokers remain skeptical that many transactions will be consummated. View full post on Business Stories
Running a business is not an easy task. It is full of risk and uncertainty. Though the entrepreneur always remains careful still crisis can occur at anytime. The entrepreneur might then need cash urgently. Now, from where can he/she get the much needed money? The best way out is applying for unsecured business loans. This [...]
Morgans Hotel Group Co. of New York, former manager of — and investor in — the Hard Rock Hotel in Las Vegas, is closing the books on its disastrous experience with the property. View full post on Business Stories
A hard money loan means funding a potentially viable project for which financing may not be easily available from conventional sources. The risks involved are greater, and so are the interest rates.
While commercial hard money loans might sound as if they come out of a Mafia movie, there is nothing dangerous or especially risky about being granted one of the many commercial loans that are on offer by the different independent financial institutions. The word ‘hard’ can be misleading for many people who are applying for this sort of financing.
A hard money loan is a very singular type of mortgage in which the loan is secured by a valuable asset such as real estate. This type of loan is most often used for the purchase of business real estate, but in some cases it can be used for private funding.