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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601
  • How to get hard money loans in Anchorage Alaska

    Posted Under: Financing in Alaska  |  July 10, 2010 3:50 PM  |  675 views  |  No comments

     

    Private hard money lenders are in better frame of mind to lend and that the reason that  on http://www.lendinguniverse.com hard money brokers increase their lead purchase with LTV 65% or better. The latest real estate properties in Anchorage Alaska hovering at lows of about  $289500. Homes ranging $521100 or better are experiencing slight reduction  in prices.   

    Last year hard lender would look  only on loans leads below 47%-55% LTV on SFR or commercial real estate but now that the fear is gone and being more optimistic that no farther catastrophic declined in the local market more investors are looking at the equity and security inherited provided as the best solution to edge against inflation. This is only true to business related loans commercial in nature on non owner or owner occupied real estate. Consumer loans are mostly avoided by hard money investors of private funds because of new consumer protection rules which make it  hard to lend by exposing the investors to future legal challenge by the borrower.

 
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