Many of the clients we serve come to us in need of hard money for real estate acquisitions. Some are looking to acquire undeveloped land that they plan to develop for commercial use. Others are looking to purchase office buildings, industrial sites, etc. It matters not to us as long as we can make a […]
Several types of retail and commercial loans include prepayment penalties assessed to borrowers who choose to pay off their loans early. We don’t charge prepayment penalties here at Actium Partners. We don’t think such penalties are good business, nor do we have a legitimate reason for implementing them. If you’ve ever wondered why prepayment penalties […]
Actium Partners serves a wide variety of clientele with differing needs. In other words, our hard money loans are not a single type of loan targeted at a single type of customer. We look for every opportunity we can to invest in local Salt Lake City businesses by providing funding that is otherwise too difficult […]
One of our more recent loan deals came by way of an investor who needed fast financing after another lender could not fund. We had the opportunity to quickly assess the client’s collateral and create a suitable loan to get the deal done. These are the sorts of cases we specialize in here at Actium […]
Credit score is one of the first things that comes to mind when people need to borrow money. It’s no different in the business world. Business owners worry about credit score when they want to borrow for an expansion product. Property investors and real estate developers worry about credit score when it comes time to […]
Deciding to fund a project with hard money starts the ball rolling on what could end up being a very good long-term relationship between you and your lender. As such, it pays to look at a number of different lenders and what they bring to the table. As hard money lenders ourselves, we welcome the […]
Hard money loans don’t seem to get the same kind of attention as traditional bank loans. They are seen as somewhat of an outlier in many circles. That is not because there is anything inherently wrong with hard money. Rather, it is due largely to a misunderstanding of how hard money works. The truth is […]
Filing for bankruptcy certainly does a number on one’s credit. A bankruptcy can make it exceedingly difficult to borrow for years afterward. However, bankruptcy is not the financial death sentence so many people think it is. You can actually still get a loan if you know what to do and where to look. This post […]
Obtaining loans for flipping a house was fairly easy 20 years ago. Almost anybody could walk into a bank and walk out with a mortgage a short time later. That is no longer the case. Not only are mortgage lenders more discriminating, they are also warier than ever about loaning to house flippers. This is […]
Actium Partners is one of Salt Lake City’s leading providers of hard money loans. What is a hard money loan? It is a very specific kind of loan offered by private lenders to businesses and investors who have neither the time nor the interest to deal with banks. Hard money represents one of the easiest […]