4 min read
Ted Spradlin: Jan 19, 2023 9:07:07 AM
If you’re like most people, you always buy or refinance with a traditional 30-year fixed rate mortgage. You've never considered using a hard money loan — and maybe aren't sure what it actually is. But, there is an entire group of people in the real...
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2 min read
Ted Spradlin: Jan 17, 2023 7:01:41 AM
Hard money loans for bad credit used to be a thing back in the housing bubble years of 2003-2007. Borrowers with low credit scores (350 to 550) or...
4 min read
Ted Spradlin: Jan 15, 2023 2:59:32 PM
Every week, FCTD receives inquiries from people who are not good matches for hard money loans. It's important to remember that hard money loans are...
3 min read
Ted Spradlin: Jan 11, 2023 6:44:00 AM
If you’re new to hard money lending, you’re probably not familiar with the pricing structure or what “normal” hard money loan pricing, interest...
1 min read
Ted Spradlin: Jan 10, 2023 6:19:20 AM
You’re buying a property and your bank financing is turned down. Your real estate agent might recommend you find a hard money loan to close the...
3 min read
Ted Spradlin: Jan 2, 2023 10:38:17 AM
A homebuyer secured a seller-financed first mortgage at 85% Loan-To-Value (LTV) and asked if FCTD could provide a hard money second mortgage for the...
3 min read
Ted Spradlin: Dec 27, 2022 8:03:26 AM
During the real estate downturn of 2008-2012, many investors flocked to foreclosed commercial property auctions on the county courthouse steps. They...
5 min read
Ted Spradlin: Dec 26, 2022 4:18:17 PM
If you’re seeking private financing for your real estate project, be aware that most hard money loans have a document called a Personal Guaranty....
5 min read
Ted Spradlin: Dec 26, 2022 10:42:51 AM
FCTD received the following loan scenario from a potential borrower trying to buy 50 acres of farmland:
4 min read
Ted Spradlin: Oct 11, 2022 9:46:21 AM
When real estate investors come to me for a hard money loan, they may or may not need to have a formal appraisal of their property. Appraisals in...
