Jeffery Hartman - Debt Buyer

Jeffery Hartman

Leading the Way in Aligning Lenders, Banks, Recovery Agencies, and Consumers for Optimal Outcomes!

  • Home
  • Booking
  • Background
  • Debt Collection Consultant
  • References
  • Sign Up
  • Blog
  • Companies I Serve
  • Debt Portfolios For Sale
  • FAQs Debt Buying
  • Collection Consultation
  • Contact Me
  • Login

How Alternative Lenders Could Become Crucial For Your Success:

· Lenders,Fintech,Lending 101,Credit Collections,Community Banks

Traditional bank loans are now a secondary thing, as it has become very complex for the banks to lend money to the real estate investors due to several reasons such as compliance costs of multiple Acts. Furthermore, low-interest rates and below average conditions in real estate markets have further made it complicated. Not only real estate investors, but small-business owners, developers, and many more have been affected and facing difficulties to borrow money from banks. Additionally, if a bank grants a loan, it is usually lower than the development costs.

On the other hand, the private lending industry has grown by leaps and bounds, doubled to be more precise in the last decade. Since the year 2016, it is estimated that almost 80% of loan applications from small-businesses have been rejected, which helped the private lenders to get a good chunk of the market to offer their services. If you’re a mortgage originator, this phenomenon can profit you a lot, as you can grab all these opportunities from the ongoing shift in the lending industry.

Usually, these alternative lenders are not subjected to all the strict norms that most banks have to adhere. This makes the alternative lenders to play a much more free hand while lending money as they can free up some rules of their business process. The best thing with alternative lenders is that you can expect a very speedy process, as they can simply offer you an answer about their decision. Most of these alternative lenders generally make a loan decision within 48 to 72 hours. Furthermore, most of the private lenders have cash readily available to deploy if they approve a loan. Private lenders are also more flexible with your credit score, which makes them a much better option.

Conclusion: The complex world of real estate investment and lending have been a huge issue in the past few years. It is not only difficult for investors to get loans, but developers as well. If this sounds like an industry you're interested in, click here to learn more about our company's commitment to transparency and honesty with clients who need help getting access to bank financing that can be used towards commercial or residential development projects.

 

Subscribe
Previous
APAC Banks Plan to Integrate AI Collection & Recovery
Next
Understanding Your Rights During Debt Collection
 Return to site
Cancel
All Posts
×

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OK

    Home
    Blog
    Call Me
    Email