It’s expected that hardmoney lenders are observing their businesses increase a bit over recent months and years. The larger conventional banking conglomerates have really soured over the number of their customer classes, and are now facing widespread disenfranchisement across several key client bases. These customers and clients are, in return, taking their deposits and business elsewhere: specifically, to credit unions and these smaller, independent lenders respectively. Individuals are looking for the terms of these types of hard money arrangements far more appropriate for them than, say, the mortgage or standard financial loan. Many people today aren’t looking to overextend, they’re just looking to fill in a few holes with their budgets.
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