Why Hard Money Bankers Only Lends In Certain States
We receive calls every day requesting loans in places all over the country. We like to stick to Eastern PA, South Jersey, MD, DC and NVa. Why would we limit ourselves to those areas when there are so many deals in other locations as well? The reason being is because of the underwriting process. The underwriting is done by two people that have a very good idea of the market they are in. Myself and my partner Jason know our markets very well and would not be able to properly underwrite outside of our markets with out doing extensive research in those areas. If we were to gamble in areas we don't know about, we are gambling with money. We are not in the business of gambling so we make sure we are very comfortable with the client and asset we are lending on.
Ian Walsh
215.839.3271
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