The Uncertain World of Hard Money Lending During COVID19

And What Our Network of Lenders is Doing to Help Maintain the Economy and Continue Lending to Those in Need of Alternative Financing

You’ve heard it time and time again: these are uncertain times we live in. Everyone’s understandably sick and tired of hearing about COVID19 — from doctors and scientists, disease researchers, right and left wing media, social media and conspiracy theorists. It seems to have taken on a life of its own.

But what about hard money lending? There’s no doubt that COVID19 has changed the financial outlook in this country in many ways, but just like the media pundits, researchers and opinion columnists, every financial analyst and lender has an opinion on how COVID is or will affect the hard money lending industry.

What are Hard Money Lenders Saying?

Now it’s worth noting that we are very much in unknown territory here, and there’s a lot of uncertainty in terms of what will happen and when. However, we recently consulted our vast and varied network of hard money lenders to get their thoughts on what wil lbe happening at the end of this year and through next year.

Many of them fear things like a massive unemployment rate or another Great Depression. Others think it’s going to be a great buyer’s market and real estate prices will continue to fall as the Fed keeps throwing out stimulus after stimulus to try and keep the economy afloat.

Looking for Indicators

Like many professionals, hard money lenders are looking for reliable indicators in terms of which ways the financial winds are blowing. Some are looking for reasons to invalidate the loans in their portfolios while others are looking to validate their experiences by pointing to other instances in their portfolio which have had similar outcomes.

It’s also understandable to note that hard money lenders, like your average educated person, carry their own share of preconceived notions, fears and built-in biases that affect how they receive and react to the news and the aforementioned indicators.

Something We Can All Agree On

One thing that we can all agree on no matter what our stance is on the economy or how the Coronavirus is being handled is that more testing must be done. The wheels of the economy need to keep turning and people need to be able to continue working with common-sense precautions and protections in place. If they don’t feel safe at work, or confident that they’ll still have a job weeks or months from now, fear will take over and they’ll find themselves in a difficult situation.

Likewise, we haven’t stopped doing our jobs either. We hold our lending network to high expectations and we always have, which is why we endeavor to do what we can to make hard money lending a safe, secure process every step of the way.

What We’re Doing to Keep the Economy Moving in the Right Direction

As more information and new research becomes available, we’re zeroing in on a plan to fight COVID and restore life to the way it was before the virus. You’ll be glad to know that although we certainly have a finger on the pulse of new COVID information, we’re not slowing down or stopping the work we do.

Within as far as we can influence and contribute to the economy, our lenders are still lending and originating new loans while funding the best risks and finding creative and unique ways to make deals work.

What to Do If You Have Questions About Hard Money Lending During COVID

We’ve often had people contact us with numerous questions about our lending abilities during COVID. These people understandably want to know how COVID and Coronavirus will affect lending potential and the economy as a whole. The truth is, no one knows the answer to that. But as long as we can make solid loans and offer creative financing to help others in need, that’s exactly what we intend to keep doing.

If you have questions about hard money lending in general, or you have a unique situation but you’re concerned about how COVID may affect our ability to lend you capital, we welcome you to contact us. We’ll take the time to get to know your unique situation and challenges, and we’ll work hard to create an alternative financing solution that works in your best interests as well as in the best interests of our extensive network of lenders.

We endeavor to make the hard money lending process as easy and as hassle free as possible for all parties involved, so that everyone can benefit from the possibilities of creative financing. Contact us to learn more about what options may be available to you to help support your loan needs. We look forward to speaking with you soon!