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» Commercil Loan Requests Continue to Climb

Posted on 5/28/2005
The volume of hard money or non-conforming commercial loan requests continues to climb in 2005. The first quarter showed significant increases in loan request across the US and in the western states in particular. Construction loan requests, as well as refinance, and purchase loan requests increased. This is an interesting sign of economic health and improvements. At the same time, the increase in non-conforming or hard money loans is an indicator that many conventional lenders are holding a hard line on lending criteria while developers, investors and businesspeople are in need of increasing amounts of capital, but are unwilling or unable to meet their often slow and onorous requirements. The result is that increasing numbers of businesses and individuals are turning to non-conforming or hard money lenders for their financial needs.

What does this mean to you, the reader? If you are reading this, chances are you are among the growing company of those seeking private capital for business purposes. It would be wise to consider that the laws of suppy and demand indicate that unless many more people become involved in private lending to meet this growing demand, you can expect hard money to become scarcer and more expensive in the coming months.
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