“Bridge loans, also known as hard-money or asset-based loans, give flippers cash for home purchases and construction with about a year to repay, and are backed by the real estate. Blackstone, the world’s biggest alternative-asset manager, is seeking to make $1 billion of the loans a year, according to Nick Gould, executive chairman of the firm’s B2R Finance unit. Home flippers are benefiting from rising prices, limited new construction and a shortage of inventory on the market. While quick resales have decreased from the start of the housing market’s rebound, when investors snapped up discounted distressed homes, profits are getting bigger.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Bailout Banks Made Riskier Loans: Study [2011]
Spain opposes extradition of Swiss bank data thief
Snowden’s surveillance leaks open way for challenges to programs’ constitutionality
Billions in Afghan aid could be wasted: U.S. inspector
Tennessee Highway Patrol using semi-trucks to combat texting
NYC not liable for processing fake deed allowing theft of woman’s home
Obama promises he won’t ‘scramble jets’ to get Snowden
Saudi Arabia Must Face Sept. 11 Victims in Revived Suit
France Considers Scrapping Its 35-Hour Working Week
Dinar ‘experts’ face lengthy prison time for selling dud investment
Greenwald: Obama's NSA 'reforms' are little more than a PR attempt
Should you lose your gun rights if you visit a shrink?
Cash-strapped Cyprus plots Russian exit from austerity
Unemployed Spaniards rush to play slaves in Ridley Scott’s ‘Exodus’ film
Tamir Rice Protesters March to Prosecutor's Home, Demand Resignation