Hard Money Bankers Announces Largest First Quarter in Company History
The real estate lending firm has been growing steadily since its inception and shows no signs of slowing down.
http://www.hardmoneybankers.com
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Jun 04, 2010 – Hard Money Bankers, LLC announces today that its first quarter numbers are the best in company history in terms of both number of loans closed and total volume. The company has seen steady growth since being founded and sees more growth on the horizon.
The real estate market has seen its ups and downs in recent years and many real estate lenders have been hit hard with the drop in the market. Hard Money Bankers has been able to avoid such volatility and continues to be a strong force in real estate investment lending by continuing to work with well qualified, experienced real estate investors.
Hard money lending in general has seen growth in the past few years despite the tightening of conventional loans. Loans from banks are typically credit based and with the recent credit crunch, even previously over-qualified borrowers have been denied loans. Most hard money lenders including Hard Money Bankers rely more on the equity in the project to determine loan worthiness.
Hard Money Banker’s borrowers are typically experienced real estate investors looking to rehabilitate and resell a property or obtain short term financing for other business ventures. Hard Money Bankers helps dozens of borrowers every month to obtain the financing they otherwise couldn’t get.
The growth that Hard Money Bankers has seen is not typical in the real estate lending world. Hard Money Bankers principal Jason Balin says the rapid growth is due to “working with the right borrowers, performing the proper due diligence, and only funding sensible deals”. Doing so not only keeps production up, but also limits loan defaults.
However, borrowers are not the only ones profiting from Hard Money Bankers successful lending practices. Hard Money Bankers has a stable of capital investors who earn returns on the mortgage notes they back. These investors have also seen profits rise as Hard Money Bankers continues to expand its loan portfolio.
For more information about Hard Money Bankers and hard money lending, please visit
http://www.HardMoneyBankers.com.
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About Hard Money Bankers:
Hard Money Bankers, LLC, founded in 2007, is a private real estate lending company that lends private money to real estate investors when traditional loans are not the right fit.Hard Money Bankers was founded by three real estate minded individuals with varying backgrounds. Jeff Shiller, a real estate attorney, has been involved with hard money lending for nearly a decade. Mr. Shiller has gained notoriety though various avenues in the real estate industry including owning a title company and counseling real estate investors. Chris Haddon began his real estate career as a loan officer for Sun Trust Mortgage which led him to co-found a successful real estate investment company. Jason Balin has held nearly every position in the real estate world. From real estate agent to mortgage broker to real estate investor, Mr. Balin has excelled in numerous successful real estate ventures.
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