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Financing to Create Your Own Micro-Economy

According to government officials, “the economy is picking up” and in some sectors, that’s apparently the truth. It just happens that it’s not your sector or your state or your city. That’s not to say that it has not gotten better.

Even some areas of your community are better now than they were at the end of 2008. But, for real estate investors and commercial construction companies, getting better isn’t easy.

Assets Speak Loudly – Cash Carries the Big Stick

Taking advantage of hard money financing, you can create your own insular micro-economy in your chosen business niche…

Using hard money solutions to clear the decks of real estate assets, avoiding and preventing foreclosure proceedings are first steps to generating your own money.

  • If you define “trickle-down economics” as “slow-paying clients with outstanding invoices”, then you might want to sell those off and move forward with new business plans.
  • You may even want to undertake a few fix and sell loans and work with a reputable rehabber to get the property moving.

Bail Me Out of Foreclosure Threats, Please

Every week, you find yourself on the phone with bankers and attorneys discussing pay-back situations on one or another batch of foreclosed properties you bought when the price was too good to ignore.

You estimated, at the time, that the market should pick up enough to get these properties sold for a small profit within 2-3 years. It’s been 5 – 7 years and you’re in need of a lifeboat.

A real estate refinance in the form of a hard money mortgage could be your best solution.

The Right Solution for the Wrong Problem

As with all problems, there is always more than one solution and having an honest discussion with a private lender about the issues that you face prevents you from making a poor decision about returning to a healthy financial foundation.

Hard money lenders have more experience in helping companies get back on their feet than any other group in the finance industry. You’d be surprised how many borrowers are trying to reach the right solution by addressing the wrong problem. Perhaps, it is better described as solving a peripheral problem and avoiding the elephant in the vault.

You need to know that you can clear the ‘poop decks’ by borrowing money or selling off intangible assets. When you’re in-between that rock and hard place eliminating assets is healthy. Assets can be regrouped later. Developing new business options, mission statements and plans can be done once you can see the sky again.

Consider modifying your previous development options for a rehab strategy. Some of your properties may be in need of completion, renovation or equipment upgrades. Part of learning from mistakes involves reviewing other opportunities.

Discuss all of the possibilities with your private money lender. Thinking out of the box is one of the ways you can use <span style="color: #0000ff;"><span style="text-decoration: underline;">hard money loansspan>span> that are more flexible than traditional services.

Do you need a Hard Money Loan for your next real estate purchase or refinance fast?