LOAN BROKERS - CAN WE PICK YOUR BRAINS? Hard $, Pvt. $, Direct Lenders, etc.

[Karen Margrave]

LOAN PROS, often I see on BP questions on Private money, hard money, direct money lenders, etc. Though I'm knowlegable on hard money loans, I know there are many out there that are curious and would appreciate picking your brains. Here's some questions I think will help the conversation:

1. What is the difference between private and hard money?
2. What does it mean "direct lender"
3. What are the criterias your investors ($ people) use to determine if they will make a loan (loan amounts, ROI, type of property (SFR, Multi Family, Office, Industrial, Land), area of country, credit scores, experience of borrower, new construction, rehab, etc.) ?
4. Do you have different classes of investors? (those that will only take certain credit scores or other criteria, and those that take more risk, etc.)
5. What LTV do your investors want, points and interest? Maximum loans?
6. On income properties what are the CAP rates investors are looking for? (or is that relevant?)
7. Tell us the #1 thing borrowers should know to get the loan they are looking for?