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Author Topic: Hard Money & Private Money on pause?  (Read 442 times)

Offline SteveKay

  • Member
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  • Posts: 96
    • We buy houses New Orleans
Hard Money & Private Money on pause?
« on: March 25, 2020, 05:20:20 pm »
I have heard a couple of lenders take a pause why they figure out what is going to happen with the market. It doesn't seem widespread but wanted to check if people are seeing this or is the money still available in your market?
New Orleans Investor
https://homebuyerlouisiana.com

Offline cthorne03

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  • Posts: 46
    • I Buy Winnipeg Houses
Re: Hard Money & Private Money on pause?
« Reply #1 on: March 26, 2020, 09:09:11 am »
As far as I know it's still available, but people are definitely being more cautious than before. Most people are hoarding cash because of the uncertainty of whether or not they will need it in the coming months.

Banks are focused on helping existing clients who need to defer payments and have paused new business for the time being, in my experience.

Offline ustino

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  • Posts: 4
Re: Hard Money & Private Money on pause?
« Reply #2 on: June 05, 2020, 11:19:27 am »
Actually Most Lenders stop Lending due to the Pandemic but there are several Lenders that are still currently Lending despite the Market conditions but only with restricted lending criteria. If you need help with funding on any deal,we will be glad to point you in the right direction. Just send me a PM

Offline Timdixon1

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  • Posts: 1
Re: Hard Money & Private Money on pause?
« Reply #3 on: June 15, 2020, 05:23:12 pm »
Can you please send me more information on all lenders that are currently lending in Chicago, Illinois and Southeast Wisconsin.

 




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