A hard-money lender is a type of loan provider that specializes in lending money based on a collateralized debt obligation (CDO). These loans are typically risky, as the borrower may not be able to repay the loan.
The recent economic crisis has affected hard-money lenders in a number of ways. One effect has been an increase in demand for these types of loans, as borrowers attempt to secure funds to invest in safer investments. Another effect has been an increase in the prices that hard-money lenders are able to charge for their loans. You can also navigate here to know more about hard money lenders in Seattle.
Hard money lenders have been a staple in America's economy for decades. Hard money lending is different than traditional lending in that the lender does not require collateral. This makes hard money lending risky, but it has allowed many people and businesses to access the funding they would not be able to get from traditional lenders.
Unfortunately, the recent economic crisis has had a profound effect on hard money lending. In the past, hard money lenders have been willing to offer high-interest loans to people and businesses who may not have had access to other forms of credit. However, with interest rates at historic lows, there is now a little incentive for hard money lenders to offer loans. In fact, some hard money lenders are now limiting their loan offerings to more conservative borrowers.