ReleaseWire Connect

Real estate sponsors have been asked in recent months to bring cash to the table during closings, which deletes their coffers and overall returns. Closing out the financing process and securing equity pieces is one of, if not the most, challenging parts of the closing process. If you fail to secure, at least 30 - 35% can close a deal on the spot. Real estate developers and investors of all sizes have felt the effects of this for years, especially with banks pulling back their loan-to-cost/loan-to-value (LTC/LTV) lending percentages since the ongoing pandemic.

There may be real estate developers who believe that if they don't have enough money to complete a project, they should still start a rehab project anyway. It may not be the most opportune solution. It's risky to start a project and have it completed if there aren’t sufficient funds available to cover the project entirety or unforeseen scenarios.

A major publication published an article in 2019 describing how third-party retailers used outdated electronics, toys, and books to sell as new to previously unaware consumers on a major e-commerce platform. Because of the restricted power of the retailer, customers were advised to be extra cautious about these vendors.

Because of the COVID-19 pandemic, a ban on foreclosures gave protection to households struggling to pay their mortgages. However, with Florida currently ranking second in the country, foreclosure filings are on the rise according to ATTOM Data Solutions.

Monroe Funding Corporation is pleased to announce it has expanded its services to the regions of West and Central Florida, providing hard money lending solutions to an even broader array of clients.

According to newly released information provided by the U.S. Census Bureau, Florida is in the top spot when it comes to states where evictions or foreclosures are most likely to happen.

For those seeking Naples real estate opportunities, Monroe Financing Corporation is a direct equity lender servicing consumers in this area. The lender specializes in first mortgages on acquisitions in non-owner owned residential and commercial property and lending options for real estate.

Foreclosed homes that are sold by a lender as real estate owned (REO) can be purchased at a fair price, though some drawbacks may exist. For real estate investors considering buying a foreclosure at the courthouse, this is the same situation. Taking these potential issues into account, it is possible to pay a significantly discounted price on a property.

A major obstacle to be tackled when considering properties for sale is the likelihood of a lien because they may hinder the right to sell a property and must be resolved to carry out any future investment plans.

A hard money loan is a workable option if money is needed quickly for less time than a conventional loan. Often, borrowers prefer a hard money loan when they want to buy a property for a quick turnaround. A few of the factors affecting the loan and the approval odds include the amount of the property's equity and the repayment plan. Another factor that is often taken into account is the appraisal.