As we all know, the first step in assessing a loan is the “who” and “how”. Usually, you have two options: a bank OR a private lender.  At first glance, banks are usually the traditional and seemingly “cheaper” way to go, while private lending is often the unconventional seemingly “expensive” route. However, once you dig deeper into the opportunity costs, paperwork, and funding-time, …

Private money loans – or simply “private money” – is a term used to describe a loan that is given to an individual or company by a private organization (source). What is collateral? Collateral can be used in these types of ‘private money’ loans to ensure a borrower will pay their loan back. These pieces of collateral are often homes, cars, …

What is an appraisal? How is it used? An appraisal is an unbiased estimate of the true value of what a property – whether land, distressed building, or recently constructed multifamily building – is worth. It’s used as an “objective way to assess market value and ensure that the amount of money requested by the borrower is appropriate” (source). Who appraises …

We have said it before, and we are saying it again here: the industrial sector is booming. Smaller retail businesses have been forced to pivot to online offerings, thereby limiting their physical brick and mortar presence. This means industrial activities, such as manufacturing, production, assembling, recycling, and research & development, are inevitably set to increase to fulfill the more abundant quantities …