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If the real estate market crashes, hard-money lenders can end up with foreclosed properties suddenly worth far less than the money they lent. And investors, once confident that ... He told him about his company, Point Center Financial Inc., which raised money from private investors and lent it to real estate developers.
articles.latimes.com/2009/may/04/business/fi-hardmoney4 articles.latimes.com/2009/may/04/business/fi-hardmoney4
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For "hard money" lenders, it's all in a ... Buyers of expensive properties and those who already own such homes and want to cash out large amounts of their equity via refinance loans also turn to private money. So do real estate investors. These buyers purchase properties on the cheap, fix them up and sell them for profit.
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