Are hard money lenders having trouble lending money?

Question

In my area I ran across a billboard featuring a hard money lender. Does this mean they are finding trouble in who to lend to? Flipping is on the decline? Investors waking up and going with private money as it is often significantly cheaper?

Chris Seveney · Answer

We hvae had zero issues lending. For a newbie if you are looking for money its gotten harder and lending guidelines have tightened up - but overall plenty of people refinancing from fix and flip to DSCR and experienced investors still doing fix and flips

Mike Klarman · Answer

No. McDonald's advertises too. They do not struggle.

Who are there customers? Investors and potential investors. Investors have their lender, so it is their job to try and take them away somehow, meanwhile other outfits try to lure theirs away. Then we have the potential investors, investors with 0 exp. Risky, but it is a large customer pool and some may be turned into consistent clients.

Think about all the horror stories we hear on here at BP, there's always disgruntled investors with their lenders.

Are hard money lenders having trouble lending money?

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