Private loan money is most often referred to as hard money, and usually the loan comes from a source that specializes in structuring such loans. More often than not a hard money loan will consist of a first mortgage on a residence thus creating hard money residential loans. There are a number of identifying factors involved in private loan money that will be referred to as a hard money loan.For instance, as mentioned it is usually a first mortgage. Because the borrower’s credit does not matter as much as the amount of equity in the property, a first will in effect prevent a possible loss of the entire property if, for instance, another loan is “ahead” of the hard money loan. The reason why the borrower’s credit does not matter much for private loan money is that the lender looks to the property for its security, and the lender [...] Continue Reading…

AHN News Staff
Rome, Italy (AHN) – To protest against the Berlusconi administration’s education reform plans, which will see a cut of $12 billion and loss of 130,000 education-related jobs, Italian students on Thursday protested on the top of two major tourist attractions, forcing authorities to evacuate tourists from the Leaning Tower of Pisa and the Colosseum. Some protesters hung a banner reading “No Cuts, No Profit!” from the medieval tower’s top tier, while hundreds of students jumped over turnstiles to protest inside the ancient amphitheater. Nearly 2,000 students formed a human chain in Pisa around the tower and prevented tourists from entering it. They also marched across the city. The Italian Parliament is scheduled to vote on the reforms next Tuesday. Before leaving the sites, the students also lit red smoke flares and shouted anti-reform slogans. There were also reports of student protests in [...] Continue Reading…

The Media Line Staff
Abu Dhabi, United Arab Emirates David Rosenberg – The world got its first look Thursday at Abu Dhabi’s Zayed National Museum when backers unveiled architectural renderings of the dramatic 345,000-square-foot structure comprised of five soaring pavilions that mimic the feathers of a falcon’s wing. The project radiates money and prestige, if not a little but of glamour. The internationally renowned architect Lord Norman Foster is designing the building and the British Museum is lending its expertise. When it opens in 2014 on Saadiyat Island, a sandy patch 500 meters off the Abu Dhabi coast, it will be only one of several world-class cultural attractions that include branches of the Louvre and Guggenheim museums. A prestige golf course, a St. Regis Hotel and a host of other high-end attractions are also slated. The tab for building all this? About $27 billion. If the plans for [...] Continue Reading…

AHN News Staff
Abu Dhabi, United Arab Emirates (AHN) – India pitched hard for a Free Trade Agreement (FTA) with the six-nation Gulf Cooperation Council (GCC) with its President, Pratibha Devisingh Patil calling her country an “attractive destination” for foreign investors. Patil is currently on a five-day tour of the Middle East and on Tuesday, she was speaking at a function organized by the Abu Dhabi Chamber of Commerce and Industry. Manifesting India’s economic ambition, she asked the oil-rich UAE to play a greater role in investment in India. President Patil said, “India is an attractive destination for foreign investment. Therefore, it is only natural that we expect Abu Dhabi…to have a significant presence in the Indian economy.” Her statement was directed at the Abu Dhabi Investment Authority, which is home to one of the largest sovereign funds in the world. Patil told the gathering of UAE [...] Continue Reading…

Private lending is an alternative to conventional loans such as you would apply for at your local bank or Mortgage Company. They are also referred to as Hard Money loans. Private loans are short-term loans ranging from 3 months to 3 years. They have a quick approval time line and usually a 55% to 75% LTV (loan to value) rate. This is a great option for residential, commercial, construction, and land investment purchases that are expected to have a fast turn around.There are a variety of Hard Money loans:-Hard Money Acquisition Loans – This type of loan is used to acquire real estate using the loan proceeds.-Mezzanine Financing and Loan – This is a loan subordinate to a Primary Lender. This is a debt instrument, which is paid back at the time of sale or refinance of the total capital stack. Mezzanine loans have flexible structure, including debt and [...] Continue Reading…

Hard money loans (HMLs) are a special type of loan backed by real estate collateral. Generally short-term loans with slightly higher interest rates, hard money loans are typically made by private individuals or companies not affiliated with larger banks. Though few people truly understand the hard money lending business from either a lender or a borrower’s perspective, the market represents an important opportunity for investors and borrowers alike.A borrower usually takes out an HML loan using real estate property as collateral. The hard money lender will provide the loan on a “loan-to-value,” or LTV, basis. The “value” of a given property is defined in the business as the amount that a lender could reasonably expect to receive from the rapid liquidation of the real estate, should the borrower default and force a foreclosure. Generally, the HM lender will offer cash at a 65% to 70% LTV ratio – that [...] Continue Reading…

A Commercial Hard Money Loan isn’t for everyone. But it could be a viable solution for someone that can’t get an everyday traditional Real Estate Loan. Of course with this type of loan Real Estate is always the collateral, with no exceptions. If for some reason the buyer defaults on the payments, the bank can repossess the property in due course of course, no pun intended.The basic inference of the various types of Commercial Loans can also be defined as Sub-Prime Lending, Near Prime, B-Paper or Second Chance lending options.So seriously would someone take out a Commercial Hard Money Loan verses a standard Commercial Loan? It’s because there are determining factors such as Slight Credit Score, Enterprise Stability, proven absolute Income Level that would curb someone from getting traditional money financing or custom rates, so the defaulter in these cases will compromise for what they can get.Some companies have [...] Continue Reading…

Some of the more sophisticated real estate investors try to avoid hard money loans due to the high interest rates. However, a hard money lender may prove to be beneficial for the right type of property. Many individuals will be surprised to learn that a large amount of successful real estate investors often turn to hard money lenders. A hard money commercial loan is an asset based loan in which the borrower receives funds secured by the value of the real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial property loans and are almost never issued by a commercial bank or any other institutional lender. A hard money commercial loan is simply an advance for a commercial venture for which conventional funding is not available. It is money that is difficult to get elsewhere. The purposes for which these loans can be [...] Continue Reading…

If you are flush with funds and are seeking to find a good investment venue where you could deposit your capital, you should be looking at investment opportunities that would surely provide good and secured returns. Why not invest in a hard money specialist? Check out Coastal La Jolla Funding and see how the company could provide you with a good investment chance. Coastal La Jolla Finding is specifically known as a provider of hard money loans. The business is at the bullish side because more borrowers are filing loans at the company.You know that hard money personal loans and poor credit loans are implementing significantly higher interest rates. That is a usual market practice and is legitimate. That is because such loans are posing greater risks to the lenders. Borrowers of such loan facilities are usually on the desperate side to accept and conform to the high interest [...] Continue Reading…

Hard money loans are the amount being borrowed to solve some urgent financial problems. The term hard signifies it’s quite Herculean to obtain because these loans are not provided by banks or financial institutions rather they are disbursed by private financial groups or lenders known as hard moneylenders. Hard can also be interpreted in different manner as there is high upfront cost involved and exorbitant interest rates are being charged. These loans also have high origination fees and cost more than an average mortgage (in some cases going as high as twice that of average mortgage).Hard money loan is generally explored as the last resort. It should be understood like if one is willing to sale his/her business venture or the property and he/she thinks with a little bit of renovation and repairs the money generated can be quite high then hard money loans can be the best suited [...] Continue Reading…