Many investors use hard money loans for short term needs, such as acquiring real estate. Typically, hard money loans have a duration of one month to five years, which is significantly shorter than traditional mortgages that can span ten to thirty years. However, traditional mortgages can be difficult to obtain for distressed or vacant properties, prompting investors to turn to … Read More
The NAR Predicts a Positive Residential Forecast
The NAR predicts that as more millennials become homeowners, existing home sales will increase. The chief economist estimates that sales will reach about 5.36 million, the highest in ten years, with an expected growth of 2% in 2017 to an average of 5.46 million, and a further increase to 5.68 million in the following year. The rise in interest rates … Read More
Home Flipping Investors Make a Comeback
Investors are increasingly turning to hard money loans due to the greater difficulty in obtaining traditional loans, and it’s becoming the preferred method for many. While banks have increased their requirements and restrictions, hard money loans offer efficiency and speed, with fees and interest rates that are worth it for investors. Income verification is often a hurdle for investors seeking … Read More
Investors Should Go with Hard Money Loans
Hard money loans have become increasingly popular among investors due to the greater difficulty involved in getting a traditional loan. With its efficiency and speed, hard money loans are becoming the preferred method of getting a loan, even for those who typically finance their properties through a bank loan. Hard money loans sidestep issues with income verification, and you can … Read More
Asian Investors Love Miami, Hard Money Loans.
Global commercial real estate investments by Asian investors may set a record based on the first half of this year. Among the country’s markets that are seeing the greatest amount of benefits, Miami comes in fourth place. Per reports, Asian investors spent over $600 million on Miami real estate, a dramatic rise of more than $30 million when compared to … Read More
Home Prices for U.S. homes Rise in August
Some good news for the housing market is emerging. The prices for U.S. homes managed to see positive gains during August as a greater number of homebuyers found themselves competing for fewer available properties. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index saw a healthy gain of just over five percent in August, following a previous five percent … Read More
M&M Private Lending Is Heading to FAMP Miami Chapter Trade Show
We are excited to announce that we will be attending next month’s FAMP Miami Chapter Trade Show! The Florida Association of Mortgage Professionals is hosting the convention, which aims to advance the mortgage profession through education, ethical practice, and advocacy. The show will take place at the DoubleTree by Hilton Miami Airport Convention Center and will begin at noon. The … Read More
Banks May Not Offer the Best Rates
Experts suggest that borrowers may not be receiving the best mortgage rates due to the way banks price loans to attract investors and make a profit. Despite mortgage rates being at record lows, borrowers may not be getting the rates they deserve. Investors seeking alternative lending options can turn to private money lending. At M&M Private Lending Group, we offer … Read More
Investors Eye Real Estate Opportunities in 2017
The survey found that more than 90% of investors who have made previous investments are open to investing in property again, with over 80% planning to make a similar investment. Furthermore, about two in five respondents stated they will make their next investment within a year. Of note, the highest percentage of surveyed investors interested in future investment opportunities was … Read More
Foreign Investors Set Their Sights on Commercial Real Estate
Miami’s residential condo market may be slowing down, but foreign buyers are now focusing on income-producing commercial real estate properties. This is due to economic uncertainties in Latin America and financing opportunities. According to Real Capital Analytics, foreign investment in Miami commercial real estate rose to over $1.5 billion during January to July 2016. This represents an increase from $1.1 … Read More