Private money lenders are great for short-term fix and flippers, who want to compete with the short timeline of an all cash buyer. However, private lenders are also right for long-term investors who want to rehab a rental property before refinancing into a permanent mortgage or seasoning a property before refinancing. Additional foreign nationals and traditional investors like private money … Read More
Lunch & Learn
M&M Private Lending Group President, Michael Internoscia and property appraiser Marty Kiar give an updated introduction to hard money, investment property taxes and other insights. What is a hard money loan? (…) Who Private Money Lenders are Right for? fix-and-flippers / short-term and long-term investors / buy-and-hold investors / long-term investors / foreign buyers (…) How long does it take … Read More
How to Use Private Money for My Clients?
A hard money loan is simply a short-term loan secured by real estate. They are funded by private investors or funds as opposed to conventional loans funded by banks or credit unions. Many hard money lenders have to get approval from investors on every loan, but M&M Private Lending has 10’s of millions in dedicated funds to ensure the terms … Read More
Yacht Loan Situations That Require Hard Money
“The super yacht industry is poised for growth” – Forbes. Meanwhile the boating industry sources say sales have been increasing steady by 4% in the couple last years, the ability to get a yacht loan has decreased by 25%. Thus M&M Private Lending Group’s specialty in yacht lending has become solution for the costumers who find themselves in the following scenarios or similar. Cash out … Read More
Effective Networking
Your net worth will be largely defined by your network. To grow and expand you’re going to need to build relationships with colleagues and those who share similar goals. If you’re not a social butterfly, how do you go about breaking the ice? Here are a few tips. Be punctual. If you’re not the social type, strongly consider arriving early. … Read More
Are You Familiar with the New FinCEN Laws?
Last week, the federal government rolled out its tracking of secretive cash deals involving high-end Miami real estate. Understandably, many in the Miami real estate market are wondering how they may be affected by this new development. An agency called FinCEN launched its new regulations aimed at requiring title insurance companies to reveal the names of buyers behind antonymous companies … Read More
Considering a Fix and Flip? Choose a Hard Money Lender
Are you eyeing a property to potentially fix and flip or rent out? If so, you probably have a solid understanding of what repairs may be required. Have you given sufficient thought to how you’re going to fund it all? A hard money lender is one of your best bets, and here’s why. For starters, obtaining financing within a reasonable … Read More
Short on Time? Consider Bridging Loans
If you’ve been following our regular blog updates, you probably have a good understanding of bridge loans and how they work. Once you’ve developed a solid foundation of how they work, you may wish to explore the similarly sounding Bridging Loans, which also serve the purpose of helping a borrower to fill a financial gap. The majority of Bridging Loans … Read More
Thin Credit? Consider Alternative Lending
We all know that when purchasing a home through conventional means, a sterling credit history is generally required to receive approval. In order to build credit it is also necessary to create debt, so what do you do if you’re the type of person that prefers not to use credit and likes to pay with cash as much as possible? … Read More
Most Floridians Believe It’s the Right Time to Buy
The number of people owning homes has dropped to record lows, yet just over fifty percent of Floridians say it’s worth buying a home according to a recent University of Florida survey. Less than twenty percent felt now was not a good time while the rest remained on the fence. Despite the drop in homeownership, Florida’s rate still remains higher … Read More