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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601
  • Lending hard money in Centennial Colorado

    Posted Under: Financing in Centennial  |  August 7, 2010 12:23 PM  |  1,315 views  |  1 comment

     

     

    Private hard money lenders are in better frame of mind to lend therefore on http://www.lendinguniverse.com hard lenders are once again buying  leads marked at 64%. Real estate homes and commercial properties in Centennial Colorado reached bottom for the lower priced properties up to $264,900 Properties that are $476,820 or higher are experiencing slight reduction  in prices.

     

    At the beginning of the year the maximum LTV was about 55% LTV on most real estate (and 30% LTV on land) but being more optimistic of stabilizing the local market. Owner occupied properties that secure non business related loans are not welcomed by private hard  lenders because of new consumer lending regulations that make it extremely hard to lend by exposing the investors to legal challenge regardless of their equity position. 

 
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