Private Money Saves the Day
Private money saved the day after the bubble burst in 2008, and in the recession years that followed. After 2008, it became very hard to receive funding from traditional lending institutions. That is where private money lenders stepped in, and helped bridge the gap to help finance loans for borrowers on investment properties. Private hard money lenders hope to establish themselves going forward in the current lending market, not so much worried about a borrower’s credit score, but instead about a great investment opportunity.
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“Private Money Saves the Day,” was written by Odell Murry in January 2015 in the Scotsman Guide.