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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601

Cedar Rapids Iowa hard loans


 

 

Private investors have renewed  confidence in lending short terms at hard money  rates and that the reason that  on http://www.lendinguniverse.com hard brokers are rushing to buy lead packages of under 67% LTV. Real estate homes and commercial properties in Cedar Rapids Iowa reached bottom for the lower level properties up to $139900 Real estate home prices  ranging $251820 and more are flat or slightly down in the area.

 

Few months back hard lender would look  only on loans leads below 50%-55% Loan -to- Value on any real estate and today with more optimistic view of the future of real estate that no farther catastrophic declined in the local market. Consumer loans secured by the principal own dwelling are being considered with reservation by private hard lenders because of many  consumer protection rules which make it  hard to lend by exposing the investors to legal challenge by the borrower in the future. 

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