3 min read
Ted Spradlin: Jan 11, 2023 6:44:00 AM
If you’re new to hard money lending, you’re probably not familiar with the pricing structure or what “normal” hard money loan pricing, interest rates, fees, and closing costs look like. This is perfectly normal. Unless you’re a homebuilder or active...
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1 min read
Ted Spradlin: Jan 10, 2023 6:19:20 AM
You’re buying a property and your bank financing is turned down. Your real estate agent might recommend you find a hard money loan to close the...
3 min read
Ted Spradlin: Jan 2, 2023 10:38:17 AM
A homebuyer secured a seller-financed first mortgage at 85% Loan-To-Value (LTV) and asked if FCTD could provide a hard money second mortgage for the...
3 min read
Ted Spradlin: Dec 27, 2022 8:03:26 AM
During the real estate downturn of 2008-2012, many investors flocked to foreclosed commercial property auctions on the county courthouse steps. They...
5 min read
Ted Spradlin: Dec 26, 2022 4:18:17 PM
If you’re seeking private financing for your real estate project, be aware that most hard money loans have a document called a Personal Guaranty....
5 min read
Ted Spradlin: Dec 26, 2022 10:42:51 AM
FCTD received the following loan scenario from a potential borrower trying to buy 50 acres of farmland:
4 min read
Ted Spradlin: Oct 11, 2022 9:46:21 AM
When real estate investors come to me for a hard money loan, they may or may not need to have a formal appraisal of their property. Appraisals in...
3 min read
Ted Spradlin: Oct 11, 2022 8:26:48 AM
If you’re taking out a hard money loan, one thing to consider is setting up an interest reserve, which can cover the monthly payments for a few...
1 min read
Ted Spradlin: Oct 11, 2022 5:24:37 AM
A hard money loan balloon payment is the total principal balance of the loan plus one monthly payment due in full at the end of the loan term, which...
2 min read
Ted Spradlin: Oct 9, 2022 9:40:57 AM
If you’re new to hard money lending, it’s important to know that the prepayment penalty can work differently from traditional bank loans or...
