In spite of not being very chummy with Wall Street and those who run it through much of his campaign, President-elect Donald Trump is turning to them to be a part of his administration and his agenda.
Welcome to the Kennedy Funding Lending Lounge.
Read news from industry experts and respected columnists about the news you care about most, so you can secure the bridge funding you need when you need it. Check back frequently to see fresh new content. Got an idea email us.
Everything you need to know about bridge loans is right here.
One of the side effects of the housing crash has been an increase in demand for residential rentals.
Since 2010, apartment rents have increased 26 percent as developers have been flocking to meet the need for apartments. More than 378,000 new apartment units are expected to be built in 2017.
For cash-strapped, borrowers looking for a short-term financing solution for purchasing a multi-family property, warding off foreclosure or quickly closing on a land deal, a hard-money bridge loan may be the smartest option.
Undoubtedly, bridge loans for commercial mortgages are more difficult to secure than a traditional home mortgage. That’s because hard money commercial mortgages assume substantially higher risk with the property becoming your collateral.
Donald Trump’s surprising Election win has consumers and market analysts alike bracing for dramatic changes in the real estate industry in 2017. Speculation and uncertainty abound on how the real estate market will be affected by Trump’s victory and Republican control of both chambers of Congress.
You’ve examined the zoning laws and chosen your desired property or plot of land. Now it’s time to find a reputable lender that’s ideal for your circumstances. Choosing the right hard money lender can be a challenging, time consuming enterprise.
More red tape is the latest sign that the the aftershock of the 2008 financial crisis are still being felt. In early 2015, new regulations for commercial real estate investing took effect for most banks. The regulation requires banks with over a half billion dollars in assets, as well as all savings and loans to set aside more capital against certain construction and development loans.
When it comes to commercial real estate loans, higher risk, means a higher rate. It’s one of those ‘unwritten laws’ of business. One that’s followed because even experienced, professional developers can have trouble getting new development projects started. Which is why traditional lenders like banks tend to run away from land deals.
After years in the real estate business, Charles Flanagan thought he knew all the ins and outs of the borrowing game. The upstate New York-based investor had experience with traditional lenders as well as using bridge loans for building up his portfolio of shopping centers and other projects.