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...
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....
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...
6 min read
Ted Spradlin: Oct 2, 2022 3:10:52 PM
When using hard money loans, is it best to work with a direct lender or a mortgage broker? This is a question that real estate investors, who have...
5 min read
Ted Spradlin: Oct 1, 2022 5:03:47 PM
If you’re new to hard money lending, you’re probably not aware of the many different types of hard money loans real estate investors regularly use to...
5 min read
Ted Spradlin: Sep 30, 2022 8:45:34 AM
Many people, including real estate agents, conventional mortgage brokers, and escrow and title officers think of a hard money lender as someone who...
1 min read
Ted Spradlin: Sep 29, 2022 6:00:29 AM
A hard money loan is a short-term asset-based, or equity-based, loan secured by real estate and funded by one or multiple private investors, rather...
