Written by For years, Richard MacDonald’s investments with Financial Resources Mortgage in Meredith seemed like a sure thing. His deposits, which totaled more than $1 million, helped finance building projects across Northern New England. Interest checks arrived in the mail every month. And MacDonald felt secure knowing the construction sites were within an hour or two of his Boston home. READ MORE »
Posts tagged hard money lender
A Step-By-Step Guide to Finding a Hard Money Lender
Wouldn’t it be nice if you have a bottomless well of money in your backyard? Just imagine all the mansions you can buy, the places you can visit, and the cars you can drive with all that money! Sad to say, however, such a thing doesn’t exist. It if does, then all the people on Earth don’t have to lose sleep because of money problems. READ MORE »
New Round of E.C.B. Funding Tempers Optimism
Higher-than-expected demand for cash from the European Central Bank on Thursday signaled that many banks are still unable to get the funds they need on the open market, setting back policy makers’ efforts to take banks off life support. READ MORE »
Federal Reserve weighs steps to offset slowdown in economic recovery
Federal Reserve officials, increasingly concerned over signs the economic recovery is faltering, are considering new steps to bolster growth. READ MORE »
Hard Money Lending Booms in Tough Economy
Hard money lenders, where the downtrodden and desperate seek money are having a field day in the current tough economy, reaping huge profits from clients, most of whom are just trying to get by from day to day. READ MORE »