Private hard money lenders are actively financial backing deals in real estate markets across the country. Former “bubble” markets have become some of the best and most profitable equity opportunities for real estate investors seeking fix and flip, buy and hold, and also rehab for profits regardless of the credit history of the investor/buyer. The hard money lenders programs have begun to flow into these markets because investors are able to land REO property deals that are now owned by banks at LTVs that are in some cases 50% or less. Bank owned and government owned property has been hot for investors and investors are agressively using the money of hard money lenders to close. .
Beginning in 2006, with it’s first edition of the Private Money Lenders Source, , www.OPMCredit.com has released the latest edition of the Private Money Lenders Source which has the top 300 private hard money lenders for both residential and commercial investment property, across the country, regionally, and locally. Investors are able to deal direct with the lenders and submit loan packages for approving. Most of the time these asset lenders are able to approve loans in as little as 24 hours which has enabled real estate investors to use hard money to acquire properties that are owned by banks, government agencies, and other financial institutions. The Real Estate Owned market has expanded over the last 3 years and banks are determined to sell these properties as soon as possible. Formerly, investors had little chance to establish investing portolios outside of their immediate real estate market area but now real estate investors can use private rehab moneylenders to loan money on property in just about any real estate market in the country. Rehab hard money lenders are working with both new and seasoned real estate investor to facilitate deals on properties for rennovation and repair .
Residential and commercial investment property buyers are now able to target where the private hard money is originating and can keep up with market changes by becoming familiar with the lending programs that are currently being used by the nations top private hard money lenders .
The Private Money Lenders Source has been an innovation for real estate investors because it was developed by studying over 300 lenders and the needs of real estate investors to facilitate deals being funded and closed. The latest edition of the Private Money Lenders Source includes useable personal names, telephone numbers, fax numbers, e-mail addresses and online web form entry as well as websites, making it much easier to create a hard money loan match .
In the most recent edition , detailed lending terms and conditions are outlined for each lender. Prior to this, no other source available detailed the lenders programs, terms and conditions. The Private Money Lenders Source has included detailed information such as the lenders points, fees, LTV’s, ARV’s, lending terms, how soon they fund, whether they do rehab, how much can be added to , their top and bottom lending limits, what type of properties they fund on and what types of properties they don’twant. As a result, it has become easier for real estate investors to match their deals with the right private hard money lenders .
As a result, real estate lenders have found a reliable method of identifying private and rehab hard money lenders to acquire rehab hard money loans as well as regular hard money loans for short term and intermediate terms. Private hard money lender have been able to work with real estate investors by providing hard money loans more speedy and more efficiently, and with deals that are compatibile and in keeping with the hard money lenders programs
