173013 Resource 78777 78860 78860 1182774465432 1182774607692 Controlled Commercial Hard Money Lenders Are Getting Short of Funds

The Owners of Three Different Commercial Real Estate Hard Money Lenders Signaled Tighter Funds This Week

<p>As the owner of a hard money commercial real estate loan company, I get to speak regularly with the owners of other hard money shops.&nbsp; </p><p>The owner of the largest private money commercial real estate loan brokerage company in California mentioned to me a few days ago that he had to pass on a very nice construction loan this week.&nbsp; The reason he gave was that he didn't have enough private investors.</p><p>The owner of another very large hard money commercial mortgage company announced this month that they have reopened their mortgage fund to new deposits.&nbsp;&nbsp;This $300 million mortgage fund has been closed to new deposits for about six years.&nbsp; They used to have too much money.</p><p>The owner of another commercial hard money shop sent me an email this week asking if Blackburne &amp; Brown could fund a $4 million deal for them.&nbsp; Normally these guys could easily fund such a deal themselves.</p><p>So why are all of the traditional hard money commercial lenders running out of investors?</p><p>There are several possible reasons.&nbsp; First of all, subprime loans have gotten a lot of bad press recently.&nbsp; Probably at least some private investors have recently bailed out of subprime mortgage funds and fractionalized hard money deals, even though there is little evidence that <em>commercial</em> subprime loans have been materially deteriorating.</p><p>Another reason why commercial hard money lenders may be running short of money to lend is&nbsp;because the banks are getting out of the residential construction loan and land loan business.&nbsp; This leaves a lot more deals for hard money lenders to fund.&nbsp; Their ability to raise money is not unlimited.</p><p>But for right now there are still lots of commercial hard money lenders in the market.&nbsp; If you need a commercial construction loan or a land development loan, you can find hundreds of interested lenders using <a title="Apply to hundreds on commercial and loan loan lenders." href="http://www.c-loans.com/onlineapp">C-Loans.com</a>.</p><p /><p /><p /><p>&nbsp;</p><p /> 9 application/xml false commercial lender commercial mortgage commercial mortgage lender commercial mortgage lenders commercial mortgage lenders. commercial mortgages commercial property loan commercial property loans commercial real estate loan commercial real estate loans Apply to Hundreds of Commercial Mortgage Lenders for Free http://www.c-loans.com/onlineapp Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 GBlackburne false true false false true 198508 false false true false false false true 78777 blog blogsite/CLoans/web