Will you really make a loan to a bad borrower?
I am an equity based lender. Would I be comfortable making a loan to a borrower who
never pays anyone back? It all comes down to the property...
What I have to consider as a potential lender on every deal: If the borrower defaults, can I re-sell the property relatively quickly, and for how much can I sell it?
Answering this question is the "bottom line" in considering any potential loan I do.
Question: Will I make a hard money loan to bad borrowers?
Answer: Of course I will.
Question: Will I make a hard money loan on any deal?
Answer: Absolutely NOT.
never pays anyone back? It all comes down to the property...
What I have to consider as a potential lender on every deal: If the borrower defaults, can I re-sell the property relatively quickly, and for how much can I sell it?
Answering this question is the "bottom line" in considering any potential loan I do.
Question: Will I make a hard money loan to bad borrowers?
Answer: Of course I will.
Question: Will I make a hard money loan on any deal?
Answer: Absolutely NOT.

1 Comments:
Nice site. How come you won't make residential loans?
By
Anonymous, at 11:26 AM
Post a Comment
<< Home