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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601
  • South Bend Indiana Hard Money Loans

    Posted Under: Market Conditions in South Bend, Financing in South Bend, In My Neighborhood in South Bend  |  October 11, 2010 10:21 PM  |  1,060 views  |  No comments

     

     

    Private investors are now having  more confidence to lend and that why on http://www.lendinguniverse.com where commercial lenders are again purchasing leads of under 62% LTV. Home values  in South Bend Indiana reached bottom for the lower level properties up to $72000 Properties ranging $129600 or better are still not stable in some parts of town.

     

    At the end of 2009 no one would go over 47%-55% LTV on SFR or commercial real estate but now that investors are no longer afraid and being more optimistic of stability in prices. Consumer loans are mostly avoided by hard money investors because of new consumer protection rules which make it  hard to lend by exposing the investors to legal challenge by the  borrower,  regardless of their equity position. 

 
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