Hard money loans are very similar to bridge loans. Bridge loans typically have similar criteria for lending. They also have similar costs to the borrower. The primary difference between a hard money commercial loan and a bridge loan is that a bridge loan frequently refers to a commercial property or investment property that is in transition. The property may not fully qualify for traditional financing yet. Hard money commercial loans refer not only to asset-based loans with a high interest rate but also loans for a financial situation that is possible distressed. Examples of this include cases where someone is arrears on an existing mortgage or where bankruptcy and foreclosure proceedings are already in process.

Hard money mortgages, both commercial and residential, are made by private investors. They typically make loans only in their local areas. The credit score of the borrower is not important because the loan is secured by the value of the collateral property. The maximum loan to value ratio is 65-70%. This means that if a piece of property is worth $100,000, the lender would give the borrower $65,000 to $70,000. This low LTV (loan-to-value) ratio gives the lender added security in the event that the borrower cannot pay and the lender has to foreclose on the property.

Commercial hard money lender programs are similar to traditional hard money loans in terms of the LTV requirements and interest rates. A commercial hard money lender is typically a strong financial institution with the deposits and abilities to make discretionary decisions on loans that are non-conforming. These borrowers do not conform to the standards of Fannie Mae, Freddie Mac, or other residential conforming credit guidelines. Since it’s a commercial property in question, the loan does not generally conform to a standard commercial loan guideline either.

Traditional commercial hard money loans are very high risk and have a higher than average default rate. Just like in a normal commercial loan, when a property owner defaults on a commercial hard money loan, he or she can potentially lose the property to foreclosure.

For more information on hard money lending, please visit http://www.pitbullmortgageschool.com.

Joseph Devine

These are secured loans where in you have to pledge your existing property as collateral, as an assurance for the lender. Through these loans, you can avail amount in the range of £100,000-£400,000 and is mostly based on the equity value present in the collateral. Although these loans are secured against an asset, the repayment term is small and stretches for a period of 1-12 months. This time period is sufficient enough to sell off your existing property and repay the borrowed amount, within the stipulated time period.

Although the amount is secured against an asset, the loans carry a marginally high rate of interest. This is due to its short term availability. Further these are interest only loans i.e. you have to pay the interest only for the entire duration. Therefore, before availing the loans you should make a proper research to spot lenders offering competitive rates.

These loans are also made available even if you are having a history of bad credit such as CCJs, IVA, arrears, defaults etc. However the interest rates levied will be slightly higher. in fact , by paying back the borrowed amount the borrowers can increase their credit ratings.

Most of the borrowers prefer to avail these loans through the online mode. There are scores of lenders in the online market who are offering these loans at competitive rates. By collating and comparing the quotes, you can pinpoint lenders offering low rates that suit your circumstances.

By availing bridging loans UK, you do not have to worry about arranging the finances to bridge the cash gap. Thus with these loans, you can procure you dream property without any hiccups.

Peter Taylor is a senior financial analyst at 24hrbridgingloan with an acumen for finance and insurance. In recent years he has taken up to provide independent financial advice through his informative articles. To find Bridging Loans UK,bridging loans, 24hr bridging loan, short term bridging loans, easy bridging loan visit http://www.24hrbridgingloan.co.uk.

• Combine all monthly credit outgoings into 1 single monthly payment
• High interest rates on existing credit is unmanageable
• Those requiring to quickly raise funds as Remortgaging is slower
• People that have heavy Mortgage redemption penalties to exit existing Mortgage Lender
• Been declined a Remortgage due to low Income multiples
• Home loan is based on affordability not income multiples
• Existing Mortgage rate is highly competitive & do not wish to Remortgage
• May not wish to pay potential upfront fees for a Capital Raising Remortgage
• Existing credit profile is poor & you do not wish to fully remortgage to a Sub Prime Lender
• You wish to wait until your poor credit is out of date before remortgaging again
• Declined a Remortgage by their Mortgage Lender due to their Loan to Value property rating
• Mortgage arrears currently & existing lender will not advance further funds to remortgage

Note these features are for guidance purposes only & are not to be seen as a personal recommendations.

We act as Secured Personal Loan Finance Introducers only to professional brokers authorised & regulated by the FSA and FISA therefore we do not give advice. Credit subject to status. This will give you an idea of what may be possible.

Thank you for reading this article. Need Secured Personal Loan Finance Broker help on this subject – please click on the link below.

http://www.creditfinancecentre.co.uk/secured_personal_loan_finance.html

Martyn Spencer Bcs (Hons) Cert PFs – has 25 years experience in UK Financial Services. He is Director of the UK Credit Finance Centre, a unique website allowing customers to access UK Brokers for those looking for Mortgages, Loans, Debt Consolidation & Insurance.

]]> http://offshoreblog.net/secured-personal-loan-finance-uk-features-benefits/feed/ 0 http://offshoreblog.net/personal-cash-loans-instant-cash-to-surmount-emergency-crisis/ http://offshoreblog.net/personal-cash-loans-instant-cash-to-surmount-emergency-crisis/#comments Sat, 18 Oct 2008 22:04:54 +0000 admin http://offshoreblog.net/personal-cash-loans-instant-cash-to-surmount-emergency-crisis/ Perhaps the most important factor that plays a key role in your life is money. It is through money only that you can fulfill your needs and desires. When some emergency needs come up and you are not all financially prepared, arranging the required cash becomes an up hill task. In these circumstances, it is better to go for personal cash loans, where in you get access to the desired cash within a short span of time.

To subscribe for these loans, you are not at all required to pledge any collateral. Instead, you have to fulfill the desired prerequisites. In this regard, you must be an employee with a firm or organization for the past 6 months. The monthly income drawn should be fixed and minimum of £1200. Your age should be more than 18 years and along with it, you must have a valid and active bank account.

Under the provision of the loans, an amount in the range of £100-£1500 is approved for a specific period. Usually the amount is made available for a limited period which exceeds not more than 30 days, from the date of approval. if due to some circumstances, you are not in a position to repay the amount, the repayment term can be further extended to a few days more. This can be done by informing the lender and on paying a small fee.

The rate of interest for the loans is slightly higher. This is basically done to cut down the risk factor involved, as the loans are advanced without any proper security. However, by undertaking a proper research of the market, you can come across lenders offering the loans with competitive rates.

Bad credit borrowers with CCJs, IVA, arrears, defaults etc too can avail these loans, due to the fact that it is advanced without any credit check. As a matter of fact these loans offer a chance to the borrowers to improve their credit score, by repaying back the borrowed amount within the stipulated time period.

The application processes for personal cash loans are simple and are carried out through the online mode. All that you have to do is to fill a simple application with the relevant details. In fact, the amount gets transferred in to your account in less than 24 hours.

Angela Alderton is a specialist advisor of personal cash loans and is curently working with Cash Loans UK. She holds a masters degree in economics from University of Warwick. For further details of Personal Cash Loans, cash loan, cash loan UK, quick cash loan, bad credit cash loan you need to visit http://www.cashloans.uk.com

]]> http://offshoreblog.net/personal-cash-loans-instant-cash-to-surmount-emergency-crisis/feed/ 0 http://offshoreblog.net/top-8-arguments-that-dont-work-in-family-court-the-judges-have-heard-it-a-million-times-before/ http://offshoreblog.net/top-8-arguments-that-dont-work-in-family-court-the-judges-have-heard-it-a-million-times-before/#comments Sun, 02 Dec 2007 06:26:34 +0000 admin http://offshoreblog.net/top-8-arguments-that-dont-work-in-family-court-the-judges-have-heard-it-a-million-times-before/ Top 8 arguments that typically do not work in Family Court in Rhode Island (RI). I also seriously doubt that they work anywhere else! Article by a Rhode Island divorce and family law lawyer. This article applies to all family law cases including divorce, child custody, child visitation and paternity cases

#1. If I allow him visitation, he is going to kidnap my children.

This argument typically does not work because the judges have heard it a million times before. This argument is based on rank speculation. If the judge did not allow visitation solely based on an unsubstantiated allegation of hypothetical child kidnapping then it would be too easy to deprive a person of visitation. Furthermore, courts cannot issue orders based on hypotheticals. All that the court can do is issue an order.

The Rhode Island Family court is usually willing to issue an order that the party cannot permanently remove the minor child from the state of Rhode Island. In some instances the court will issue a restraining order against out of state travel for significant periods of time without prior consent.

If there is evidence that the person may take off with the children then this argument might be taken seriously.

#2. The child is so young that the child needs to wake up in my house Christmas morning to open the Christmas presents.

This argument typically does not work because the judges have heard it a million times before. This is an argument based on emotion. Judges typically believe that the parents should alternate Christmas visitation. However some judges may be sympathetic to a very young child between the ages of 3-7 waking up at the house where they live on Christmas morning.

#3. Even though the drug test was negative, he must have taken supplements or drank a lot of water because he is still using drugs.

This argument typically does not work. The Rhode Island Family Court has a drug testing facility. The judges believe that the testing procedure at that facility is accurate and therefore must rely on it.

This argument is usually based on rank speculation. Unless a person has actual evidence that the person is cheating the drug test than this argument will usually fall on deaf ears.

#4. He doesn’t even know how to change a diaper.

The judges figure that he will figure it out. Every new parent must learn how to change diapers.

#5. He is seeking visits to get back at me, he does not really want visitation.

This usually cannot be proved and frankly the judges are sick and tired of this argument.

#6. I just use drugs occasionally and its only marijuana.

Drug are drugs to family Court Judges! Any Illegal drug use is grounds for taking the children from the parent with physical custody and placing them with the other parent. Drug use could also lead the Court to order that all future visitation with the minor children be supervised visits.

#7. The only reason he wants visitation is so his parents can visit with the children

Unless you can prove that he does not spend time with the children and his parents spend all the time with them during visits then this argument will not work!

#8. He has not paid his child support so he should not have visitation with the child!

The Courts are not willing to punish the children by disallowing visitation because a parent is in arrears in payment of child support. Nonpayment of child support is not a reason to suspend visitation!

Rhode Island Attorneys legal Notice per RI Rules of Professional Responsibility:

The Rhode Island Supreme Court licenses all lawyers in the general practice of law, but does not license or certify any lawyer / attorney as an expert or specialist in any field of practice.

David Slepkow is a Rhode Island lawyer / attorney concentrating in divorce, family law, personal injury, criminal law, restraining orders, child support, custody and visitation. David has been practicing for over 9 years and is licensed in Rhode Island, Massachusetts and Federal Court. Free initial consultations. Credit Cards Accepted.

You can contact attorney David Slepkow by going to Official website of Rhode Island divorce and family law lawyer, David Slepkow or by calling him at 401-437-1100. Also please visit: Information Concerning East Providence Attorney David Slepkow and Rhode Island Divorce, Child Support and Family Law

Also please visit: Rhode Island Child Support law information by a RI Family law attorney

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