Avatar's Blog
» Hard Money Loan Risk Factors
Posted on 5/26/2005
Hard money lenders consider risk factors involved in loan requests when
determining whether or not to consider a loan request. They look for
signs of fraud in the loan application as well as in the property
itself. Loan documentation, while less onorous than conventional bank
loan documentation, is still an important part of the due diligence
process of hard money commercial lenders.
Avatar looks at the property location, condition, sales history, tax records, past, present and potential usage, as well as the personal financial information of the borrower to determine the relative risk involved in a specific loan. The more prepared you are with complete financial and historical informaiton concerning your property, business and personal net worth, the more likely your loan will be approved and fund quickly.
Posted in Miscellaneous
Avatar looks at the property location, condition, sales history, tax records, past, present and potential usage, as well as the personal financial information of the borrower to determine the relative risk involved in a specific loan. The more prepared you are with complete financial and historical informaiton concerning your property, business and personal net worth, the more likely your loan will be approved and fund quickly.
Blog Navigation
