Chasen Chess' Marketing Success Summit 2022 - Episode 1 with Mark "the Lender" Abramovich

All about Hard Money. Why Mark does what he does. The difference between residential mortgages and hard money (commercial loans). What rates, points, fees are and what an investor can expect. Comparing points, interest rates, and fees between lenders. Learn the lender lingo; LTV (loan to value ratio). Minimum earn or prepayment penalties on loans. Valuating the property, and necessity of an appraisal. Reimbursing work upon completion with draws. Accounting for holding time while selling the property. Minimum requirements when being the lender yourself.

All about Hard Money. Why Mark does what he does. The difference between residential mortgages and hard money (commercial loans). What rates, points, fees are and what an investor can expect. Comparing points, interest rates, and fees between lenders. Learn the lender lingo; LTV (loan to value ratio). Minimum earn or prepayment penalties on loans. Valuating the property, and necessity of an appraisal. Reimbursing work upon completion with draws. Accounting for holding time while selling the property. Minimum requirements when being the lender yourself.

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