Avatar's Blog
» Just When You Thought You Could Not Be Busier
Hey brokers and lenders! Heads up! Take a look at what our new Fed Chairman had to say yesterday:
"The rapid growth in commercial real estate exposures relative to capital and assets raises the possibility that risk-management practices in community banks may not have kept pace," Bernanke said.
Can you believe it? This is the stuff hard money dreams are made of. This means the banks are going to tighten their regulations and lending criteria again. Which, of course, means more business for, wait for it.... private lenders!
Unbelievable, isn't it? Just when you thought you could not possibly be busier, the requests are about to pour in the door. Are you ready? For a copy of Avatar's lending criteria, email gillian@avatarfinancial.com I'll let you know what we fund, the funding time (2 weeks - really!) and anything you'll need to know to be ready for the businesses and investors who are going to need private money to get their deals done in the coming months.
