While the ongoing coronavirus pandemic continues to impact every facet of life, businesses across all industries have begun to adapt to a ‘new normal.’ Zoom calls have usurped in-person meetings. That once expansive corner office has been replaced by a laptop on the kitchen table or a FaceTime call from the couch. Processes that were …
Market Update: Status of Residential Bridge Loans Read More »
One of the most prevalent hurdles that those just starting out in the real estate investment industry run into is how to finance transactions for rental properties. A variety of options are available to amateur real estate investors, but certain funding sources can prove difficult to obtain approval for, such as traditional bank loans. This …
Many hard money lenders who make primarily business-purpose loans consider consumer bridge loans as a path to diversify their business while still avoiding some of the most restrictive consumer loan protections. However, many lenders are unclear on what exactly qualifies as a “bridge loan” and which consumer protection laws apply. Regulation Z provides some special …
What You Need to Know about Consumer Bridge Loans Read More »