Private Money Loan
Private Money Loan refers to lending money to a company or individual by a private individual or organization.Private money is offered by individuals or organizations and may have non traditional qualifying guidelines. There are higher risks associated with private lending for both the lender and borrowers.One of the major resaons for lending a private money loan is poor credit.
Construction loans are typically short term loans having a maximum tenure of one year. Construction loans have variable rates that move up and down with the elite rate. The rates on construction loans are higher than rates on permanent mortgage loans. For approval, the lender needs to see a construction timetable, plans and a realistic budget.
A residential mortgage is a pool of mortgage loans generated by banks and other financial institutions. It is a loan primarily for personal or household use that is secured by an act of trust.It is used by patron of real property to raise money to buy the property or by existing patron owners to raise funds.
A commercial is a mortgage loan which is secured by commercial property such as an office building, apartments.It is typically used to acquire, refinance and redevelop a commercial property.
A land loan is a financing option that is to be used just for the purchase of land. It not only include the land, but also the development of property. There are many different factors which can go into an approval for a land loan, including future plans, and the down payment.
Commercial buildings, hotels and shopping centers, are projects often funded by joint venture loans. This type of financing is mutual in which both parties agree to share capital, risks and rewards of the venture. It is different from a partnership in that it relates particularly to a project, but for the most part, the agreement looks very much like a formal partnership.Joint ventures are also widely used by companies to gain entrance into foreign markets.
Crowdfunding is a method of raising capital through the joint efforts of customers and individual investors. This approach taps a large pool of individual.There are number of platforms for crowdfunding where consumers can ask or donate money crowdfunding platforms where they can leverages their networks for greater reach and exposure.
A second mortgage is a fixed amount to be paid off in a specific time, called home equity term. It can also be described like a credit card giving the borrower the option to make a payment less than the interest charged each month.
Strip Mall or Mini Mall contain stores like drug stores, small grocery stores, fast food restaurants or small independent cafes. Its a small retail chain which is located in congested traffic area or on highways.Strip Malls can be electronics retailers, variety of other retail establishments and fast food or chain restaurants. Commercial loan is being provided to establish strip malls.