Dodd Frank & Private Lending Question

[Slocomb Reed]

Hey BP Forum Readers,

Who can explain how the Dodd Frank regulations affect the way private money and hard money loans can be written for investment properties and owner-occupied properties? And do you know of a helpful resource for understanding this?

I've had a few  hard/private lenders tell me that they can't lend on owner-occupied properties. Whether they're single family or multi unit, whether it's a short term loan or a 30-year fixed rate loan, owner-occupied is apparently a no-go. Why is that? And does Dodd Frank regulate loans on non-owner occupied properties at all? I have a few specific examples that I'll share in response to your comments.

Thanks y'all!