Comments for Mass Business Financing: Articles http://finance-manager-articles.com Take control of growing your business. Sat, 10 Jul 2010 20:20:22 +0000 hourly 1 http://wordpress.org/?v=3.0 Comment on Access your cash when you want to! by Patrica21Cooper http://finance-manager-articles.com/2010/06/access-your-cash-when-you-want-to/comment-page-1/#comment-13 Patrica21Cooper Sat, 10 Jul 2010 20:20:22 +0000 http://finance-manager-articles.com/?p=99#comment-13 Don't have cash to buy a house? Do not worry, because it's available to receive the <a href="http://bestfinance-blog.com" rel="nofollow">loan</a> to work out such problems. Therefore get a credit loan to buy all you require. Don’t have cash to buy a house? Do not worry, because it’s available to receive the loan to work out such problems. Therefore get a credit loan to buy all you require.

]]> Comment on Know the power of hard money by Ernie Brown MBA-DCFS http://finance-manager-articles.com/2010/06/know-the-power-of-hard-money/comment-page-1/#comment-12 Ernie Brown MBA-DCFS Tue, 06 Jul 2010 10:22:02 +0000 http://finance-manager-articles.com/?p=95#comment-12 Hard money and bridge loan rates include the following: 1.) A closing or transaction fee. These often times vary from 2% up to 4% of the amount borrowed but we'vee seen high risk lenders command as much as 12%. Note the word 'risk' as this usually determines this closing fee. 2.) Interest rates vary from lender to lender - end. They are going to charge based on their risk and this is typically on the low side @ 12% per annum and can go as high as 18% per annum. A key need in a hard money loan: You must be prepared to provide an exit strategy and show the ability to keep the loan paid (more often than not the interest!). Most of these loans are written for a year or less otherwise renewwal fees are charge on the anniversaries. If i can answer anything else let me know! Ernie Hard money and bridge loan rates include the following:
1.) A closing or transaction fee. These often times vary from 2% up to 4% of the amount borrowed but we’vee seen high risk lenders command as much as 12%. Note the word ‘risk’ as this usually determines this closing fee.
2.) Interest rates vary from lender to lender – end. They are going to charge based on their risk and this is typically on the low side @ 12% per annum and can go as high as 18% per annum.

A key need in a hard money loan: You must be prepared to provide an exit strategy and show the ability to keep the loan paid (more often than not the interest!).

Most of these loans are written for a year or less otherwise renewwal fees are charge on the anniversaries.

If i can answer anything else let me know!

Ernie

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