Avatar's Blog
» It's all about location
Posted on 1/20/2005
Hard money lenders maintain varying lending criteria concerning the size of the loan, the value of the property, the maximum LTV they are willing to lend, and - of course - the location of the properties they are willing to lend on.
Most commonly, hard money lenders like to lend on properties located in urban and suburban locations. The opportunities for consistent income and recovery from economic downturns are greater in areas of increased population and commerce. This lowers the risk to the lender. If you are considering an investment property, take the location into serious consideration. It may help you finance the property more quickly and less expensively in the future.
Posted in Miscellaneous
Most commonly, hard money lenders like to lend on properties located in urban and suburban locations. The opportunities for consistent income and recovery from economic downturns are greater in areas of increased population and commerce. This lowers the risk to the lender. If you are considering an investment property, take the location into serious consideration. It may help you finance the property more quickly and less expensively in the future.
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