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 […]
Anyone new to hard money lending has quite a bit to learn. For example, there is a long list of words and phrases unique to the lending experience. A person who has never borrowed before would not be expected to know them. However, once borrowing becomes an option, it is important for potential borrowers to […]
A real estate investor not wanting to run to the bank to finance a new investment basically has two options: hard money and cash assets. Both represent a way to invest without having to entangle oneself with bank financing. But which one is better? Actually, neither one. Each case has to be evaluated on its […]
Anyone who has turned to Actium Partners after getting nowhere with a bank understands that there are distinct differences between bank loans and hard money. Those differences extend far beyond lending here in Salt Lake City. They permeate the entire global banking sector. Convincing a bank to make a business loan is like pulling teeth. […]
Real estate investors essentially have three choices for financing new properties: bank loans, hard money, and cash. Here at Actium Partners, we specialize in the hard money category. We loan to all sorts of clients who need fast cash to get real estate deals done. We recognize there are legitimate reasons for seeking out bank […]