Current updates on the real estate market, private money, hard money, and trust deed investing.

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Private Money Loans

What is a Hard Money Loan?

A hard money loan is a short-term asset-based, or equity-based, loan secured by real estate and funded by a private investor, or multiple private investors, as opposed to being funded by conventional lenders such as banks or credit unions. Hard money loans are generally used by real estate investors as a short-term bridge loan with a duration of three months to three years, after which the investor will either sell or refinance the property.

Picture of Ted Spradlin Ted Spradlin Sep 29, 2022 6:00:29 AM

COVID-19 Expectations of Hard Money Lenders

Everyone we talk to at FCTD has an opinion about the COVID-19 pandemic, from borrowers, Realtors, mortgage brokers, lenders, escrow officers, and everyone else we talk to during the day. Listening to people is fascinating because it shows where people get their information from. Sources of information are far ranging, from scientists, doctors, friends on the front lines or in the medical field, financial analysts or journalists, right-wing and left-wing media, along with YouTube conspiracies that go viral on social media. Everyone has facts, alternate facts, opinions, and fears that come out in conversation.

Picture of Ted Spradlin Ted Spradlin Apr 21, 2020 11:00:59 PM

Hard Money Construction Loans During COVID-19

Hard money constructions loans during COVID-19 are evolving with each passing week as construction lenders are shifting on the fly into a more cautious mode. This blog post will give a quick run down of what First Capital Trust Deeds is seeing the hard money construction loan market in the middle of April 2020, one month into the forced shutdown of the economy.

Picture of Ted Spradlin Ted Spradlin Apr 16, 2020 11:00:15 PM

Obtaining a Hard Money Loan During COVID-19

At the beginning of April 2020, nearly every country in the world is experiencing the impact of the spread of the COVID-19 virus, taking a human toll in lost lives and an economic toll as the global economy has essentially been shut down to slow the spread of the virus. As I wrote yesterday, the residential mortgage industry has changed significantly in the last thirty days. Hard money lending saw significant changes in March. But, hard money lending is not dead. In fact, loans are still funding. This post will let you know what it takes in obtaining a hard money loan during COVID-19.

Picture of Ted Spradlin Ted Spradlin Apr 3, 2020 6:00:37 AM

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