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Hard Money Blog
Up until today we've done our best to provide education, information and news to all of our clients. By practical standards, we're relatively satisfied with the way that we've communicated with all of our clients and the feedback that we've received seems to support that. However, we know that we can always do better, and as the private mortgage industry continues to play a more prominent role in the credit markets the amount of information that needs to be shared increases along with it.
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It's Official: We Specialize in High End, Luxury Residential Loans
Because of jumbo loan requirements, declining markets, income restrictions and a lack of stated income loans, the luxury residential real estate market has fallen out of favor with traditional financing sources. As a result, more and more borrowers are having to turn to private mortgage sources for hard money loans on their real estate. Normally, that wouldn't be such a big deal. However, with all of the recent changes in regulatory restrictions, more private lenders have completely exited the residential lending marketplace, leaving almost nowhere for high net worth borrowers to turn.
The good news is, MMG Capital is still very much in the game for luxury residential loans, and here's why...
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