Private lenders have their own language used in the mortgage approval process and if you’re new to real estate investing we’d like to take a moment to review some commonly used terms you might hear during the course of your loan approval. Abstract: Also referred to as a property survey, this is a physical and … Read more
Cross-collateralization is a term used to describe a loan that is collateralized with multiple properties. One loan with multiple recorded liens. Most investors prefer the term “blanket loan” which essentially means the very same thing. One loan attached to several properties. And it’s a great option for real estate investors when a deal comes up … Read more
You know that we take a different approach when we review an application, either generated by a mortgage lender or broker, a real estate agent or directly from the ultimate borrower. If you’ve never applied for a loan from ABO Capital and are curious how we finance investment real estate, it’s really fairly simple. We … Read more
A private money loan is one that is issued to a borrower in order to finance and repair a property that currently does not meet industry standards. When a property is in what is considered a distressed condition, a traditional lender will not place a loan on the property. A private lender, on the other … Read more
Everyone could use more business, right? Have you ever called a business to order something when they have said, “Sorry, but we have enough business right now”? No, of course not. That would be crazy. The more successful a business becomes, the proprietor simply hires more people to handle the additional workload. Success breeds success. … Read more
There are different types of mortgage lenders and even more so types of mortgage loan products. There are commercial lenders, construction lenders, residential lenders and more. There are notably two types of mortgage lenders which don’t always compete with one another, and yet provide a valuable service – private and conventional. Are you familiar with … Read more
When investing in [area] real estate, buyers have no shortage of options. Whether it’s a 150-unit apartment building or a duplex close to campus, the choices seemingly have no end. Further, as it relates to financing real estate, there too are multiple options available. Perhaps the most common way to finance real estate is to … Read more
Everything about running a small business can be difficult. Even if you have a successful business that you’ve managed to get off of the ground, it can feel like you’re fighting for every little thing just to stay afloat. In the fast-paced, modern world, sometimes it may seem like it’s impossible to grow your business, … Read more
Getting a loan should be easy. It often isn’t, but it should be. There are so many different places where you can get a loan: banks, and all other kinds of lenders. Whether you want a loan to invest, or to grow your business, you have options for loans out there. If you go online … Read more