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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601
  • Peoria Illinois hard money is back

    Posted Under: Market Conditions in Peoria, Financing in Peoria, In My Neighborhood in Peoria  |  September 19, 2010 2:04 AM  |  1,036 views  |  No comments

     

    Private investors have renewed  confidence in lending short terms at hard money  rates therefore on http://www.lendinguniverse.com hard lenders are once again buying  leads showing maximum LTV of 65%. Real estate homes and commercial properties in Peoria Illinois reached bottom for the lower priced properties up to $129,900 Those properties that range in price of $233,820 and higher are flat or slightly down in the area.

     

    Only few months back hard lender would look  only on loans leads below about 50%-55% Loan -to- Value on any real estate and today with more optimistic view of the future of real estate of stability in prices. Consumer loans secured by the principal own dwelling are being considered with reservation by private hard lenders because of numerous  consumer protection legal rules which make it  hard to invest by exposing the investors to potential legal challenge. 

 
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