loan

Mortgage Loan Modifications

A loan modification will change your mortgage terms, making the loan more affordable. A loan modification may be the best option for eligible borrowers if they are struggling to make the monthly payments on their mortgage or those who fall behind and face foreclosure. If this describes your borrower’s current situation, we’ve put together this …

Mortgage Loan Modifications Explained Read More »

Cross-Collateral Loans

Cross-collateral loans are valuable lending tools that can be used to a lender’s advantage. Everyone knows that if you fail to pay your mortgage, the lender has a right to foreclose on a borrower’s property and recoup its money. As an example, if a borrower were unable to pay their mortgage, the lender could be …

Cross-Collateral Loans: What Are They and How Do They Work? Read More »

Personal Guaranty

By now, most of our clients obtain personal guaranties on all their loans. However, almost as if it is an afterthought, they don’t know what to do with it when they tuck their paperwork away after the loan has closed. Often, we get the question: “What should we do with the personal guaranty if this …

How to Use a Personal Guaranty to Your Advantage Read More »

Usury and Forbearances

Is your borrower struggling financially? Have they fallen upon hard times? Do they need you to forbear on certain portions of the loan so that they do not fall behind on payments? A forbearance may be the perfect solution for your borrower and you. However, if you are an unlicensed lender, before you rush into …

Usury and Forbearances in California Read More »

Construction Lending

Acme Loans regularly extends financing to borrowers for fix and flip projects. A prospective borrower has approached Acme requesting a loan to fund the development of four medical buildings. Acme really wants to expand the types of loans that it makes, and the prospective borrower would be a great source of new originations. Acme decides …

Making the Leap from Fix and Flip Financing to Construction Lending Read More »

Construction Loan Considerations

Construction loan projects always carry some risk for lenders: buildings could be left half-finished, a mechanic’s lien could leapfrog yours, or the loan could be used for non-construction purposes. Lenders who take the time to craft and implement a set of best practices that they improve over time can minimize the risk to their finances …

Construction Loan Considerations: Five Best Practices for Lenders Read More »

The Consumer Financial Protection Bureau (“CFPB”) is finally prepared to begin writing regulations implementing Section 1071 of the Dodd-Frank Act, which could usher in a new regulatory chapter for small business lenders and result in significant new reporting requirements, fair lending examinations and possible enforcement actions. To read a more in-depth summary of these proposed …

Section 1071 of the Dodd-Frank Act: A New Regulatory Chapter for Lenders Read More »

Lenders are typically responsible for drawing up a loan contract to detail the commitments of a loan agreement with borrowers, from how funds will be used to exactly how and when they will be repaid. When it comes to real estate lending, these agreements can be complex and often require more than a simple signature …

Loan Agreement Basics: A Guide to Who’s Who in a Loan Read More »

When it comes to guarantees, one size does not fit all. What type of guaranty is best for your loan? As a private lender underwriting a loan, guarantees can help limit the risk associated with taking on debt, adding an extra layer of safety in the event that a borrower defaults or the value of …

5 Types of Guarantees Read More »