Hard Money Lenders and Investors that fought back after the crash

[Anje Walfoort]

Good Morning,

I have brokered dozens of hard money loans over the last several years.  The last few years have changed significantly after the real estate bust in 2008.  I have clients asking all the time about how to make it back after losing everything or hitting rock bottom when the market changed.  I am interested in hearing about what other brokers/lenders have seen in the last few years.  What is the best advice you can give to people making their way back?  What have you seen that works and what should they avoid?  

I have always enjoyed mentoring clients and meeting investors/lenders throughout the country.  I am interested in hearing what others have seen that works for those fighting their way back.  I also am always interested in hearing what I may have missed or learning from other experiences.  

Also, for those of you that have fought your way back, please share your experiences. I think it is great to hear from you and pass on suggestions, hope and goals that have been achieved.

Your words are appreciated.

[Jay Hinrichs]

@Anje Walfoort  @Account Closed  Steve thanks for the Tee up.

the old model of purely loaning by equity turned out to be a problem.

Ergo you see HML today requiring cash into deals.. they look at credit or history. And the day of making purely equity based loans is gone ..

Now caveat there are lenders that do that with their best clients .. but not generally if the borrower is not well known or vetted.

2010 was an excellent time to enter.. prices were crushed  you could demand cash into the deals and you had a new crop of borrowers by and large.. so we are in the honey moon stage once again.