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hard money lenders

Started by 1818
almost 12 years ago
Posts: 54
Member since: Sep 2008
Discussion about
HARD MONEY LENDERS. Are there any reputable ones out there for NJ and NY?
Response by rb345
almost 12 years ago
Posts: 1273
Member since: Jun 2009

1818:

1. I have recently dealt with a lot here in NYC on CL, and on the net with websites
2 most are parasitic scum, frauds and/or point pimps

3. then there are the ones I wouldnt do business with

4. the dominant modus operandus is to bleed prospects
as much as possible, and mislead them about being
funded until they have no choice but to borrow from a
particular lender, at which time points, rates and fees
are sharply increased

5. although many dont need to be licensed, they all need to
comply with the fraud prohibitions of Banking Law section
351, and very few do

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