Recent news suggests that property flipping is making a comeback. Last year, flippers accounted for just over six percent of all home sales, with flipping defined as selling a property twice within a year. These numbers represent a jump of over 5% compared to 2015, among the highest levels since 2006. This trend somewhat signifies that rising prices are grabbing … Read More
Why Should You Consider a Bridge Loan?
Bridge loans are a popular option in various real estate markets. These loans act as a bridge between properties when the old one hasn’t sold yet. Generally, people use bridge loans to purchase another property before selling the existing one. The loan terms are determined by the lending company’s guidelines and the existing commercial property or multifamily investment secures it. … Read More
Fix and Flip Your Property with a Hard Money Lender
“Fix and flip” loans are gaining popularity as people invest in real estate for additional income opportunities. These loans differ from property purchase loans as they aim to sell the property for a profit later. Typically, investors buy distressed properties to renovate and sell immediately for a profit. However, traditional funding for fix and flip projects can be challenging, and … Read More
Big Construction Expansion Is on the Horizon – 2017
The 2017 housing market anticipates a rise in single-family home construction due to economic growth and employment gains. In 2016, the NAHB reported a 5% increase from 2015, with just over 1.15 million housing starts. NAHB is now predicting an increase of ten percent in single-family home production this year and an even better twelve percent increase for 2018. Builders … Read More
Good News from the Miami Report, Hard Money Lenders
Released last fall, the Miami Report covers 100+ years of real estate market trends extensively. It includes new and resale condo inventory, rental trends, international market insights, and economic growth. Some of the highlights from the 52 page report show very encouraging signs for the market. Miami’s trendy neighborhoods and Brickell area have witnessed architecturally impressive growth. The region’s limited … Read More
Use M&M Private Lending Group for Your 2017 Investments
If 2017 is the year you’re planning on investing in South Florida’s many lucrative properties, congratulations! You’re already taking the first important step towards building a property portfolio. At M&M Private Lending Group, LLC, we want to help you achieve your financial goals without dealing with all of the red tape and laborious, often lengthy process involved with traditional lenders. … Read More
Three Reasons to Choose a Hard Money Loan
If you’ve been following our blog, you likely know what our business is about and how our hard money loans work. Have you ever wondered why you would need a hard money loan in the first place? We have three great yet simple reasons why. You’ll receive funds faster. In the real estate market, the most lucrative opportunities often require … Read More
Finding Worthwhile Properties Real Estate Groups
A successful real estate investment means finding the best, most lucrative properties. Since hard money loans are generally short-term, the market has little time to spare. So where do you find the best properties? Check out the neighborhoods. As you’re already aware, real estate deals are all about location. Check out which ones have positive sales records, or which ones … Read More
Get Your Money Quickly with Our Easy Process
When you’re seeking a loan and the bank says no, M&M Private Lending Group, LLC is here to say yes. We accept multiple types of credit and we work with both commercial and residential properties. Working with us, factors such as time delays and hidden fees are no problem and we require very little documentation. Rest assured that we comply … Read More
Differences Between Hard Money and Traditional Mortgage Lenders.
We’ve discussed the differences between hard money lenders and traditional mortgage lenders and why one may prefer one over the other. Let’s explore these differences in more detail. Source of funds: A standard mortgage is funded by a lender who sells the loans to an investor or a bank.. In contrast, private lenders largely fund hard money loans. The funds … Read More