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7 March 2024 | 11 replies
Is this a credit worthy corporation that's been around forever or a small business of some sort?
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7 March 2024 | 22 replies
Most investors start with single-family homes, duplexes, or quadplexes, but as they become more experienced and creditworthy, they move up to larger syndication deals as passive LP partners.
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5 March 2024 | 4 replies
Still, the best card for you will depend on the creditworthiness of the personal guarantor (which I assume is you) including your credit score, recent credit inquiries on your credit, debt-to-income ratio, and the age of your business, and a host of other benefactors.
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8 March 2024 | 121 replies
I doubt there will be a crash given how much more creditworthy borrowers have been and how the teaser rates are gone and everyone has 30-year fixed mortgages.
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25 February 2024 | 25 replies
(BTW, I have excellent creditworthiness). 2) Tax confusion: The interest expense might be tax deductible.
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22 February 2024 | 16 replies
I own one on an agreement for sale/executory contract, but that was to help a veteran family that was active military where the deal made sense and everyone had good credit worthiness.
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20 February 2024 | 1 reply
When applying for a DSCR loan, lenders typically assess the property's income-generating potential and calculate the DSCR to determine the borrower's creditworthiness.
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20 February 2024 | 16 replies
With that, we became the American Association of Private Lenders—and we began spreading the word.Finally, Some DefinitionsUnderpinning the concept of minimizing the use of “hard money” in our industry is a recurring theme of standardization—that the root of the issue is too many interpretations of what the same terms mean.We offer up the following definitions for discussion, debate, fine-tuning, and eventual consensus [last updated 5/9/2022]:Private lender: Any non-depository individual or entity that primarily originates business-purpose loans secured by hard assets, generally real estate.Hard money lender: A subset of private lender where creditworthiness is determined solely by the securing real estate collateral.Correspondent lender: A subset of private lender where the closed loan is sold to investors.Portfolio lender: A subset of private lender where the closed loan remains in the lender’s portfolio.Fund manager: A subset of private lender where, depending on the fund structure, the deployed capital is sourced by offering exempted securities to accredited and occasionally non-accredited private investors.Private investor: An individual or entity that seeks a return by deploying capital through a private lender or fund; the investor may or may not be named on the loan’s promissory note.Private money broker: Any individual or entity that acts as an intermediary between a borrower and a private lender without directly originating the loan.
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15 February 2024 | 9 replies
The exact rate can vary based on the lender, the borrower's creditworthiness, and the specific property.
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30 August 2017 | 9 replies
Also for an LLC to apply for a financing, does the lender take into account both (or all) partners credit worthiness or is there/could there be a primary?