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
Join Us at FAMP Broward Chapter’s Annual Trade Show
Novice mortgage brokers often find themselves in a situation where the deal goes south once it reaches the final stages, the closing table. At M&M Private Lending Group, LLC we take great pride in our team of professionals with years of experience sealing the deal and closing it, and we want to help you become a better mortgage professional. We … Read More
Should You Consider a Multifamily Bridge Loan?
Let’s say you found a really nice multifamily property that’s practically guaranteed to provide a significant return on investment. However, you find yourself in a predicament where the funds to transition ownership within the timeframe set by the seller are not currently available. For various reasons, you’re also faced with a situation where financing options are unavailable to you. Investors … Read More
More Renters Equals Greater Rental Development Prospects
For over five years, the rent for apartments has continued to increase, by over fifteen percent in fact. This rise has forced developers to keep up with the ever-increasing demand, and there are more than 300,00 apartment projects in the works expected to debut this year. The median age of the individuals that are renting these apartments is roughly 32, … Read More
Use Hard Money Loans for Real Estate Investments
If you’ve decided 2017 will be the year to have a second income by flipping properties, an investment property lender can help tremendously. With these hard money lenders, you’ll receive the money you need for a successful flip while also giving you extra security and an advantage. Unlike traditional mortgage loans, hard money loans are based on the value of … Read More
Flipping Is Poised to Make a Comeback
Recent news suggests that property flipping is making a comeback. Just over six percent of all home sales last year were considered flipping projects. Flipping is defined as a property that’s been sold twice within the span of a year. These numbers represent a considerable jump of more than five percent compared to 2015 and some of the highest levels … Read More