SEC files fraud lawsuit, asset freeze in $1.2B alleged Ponzi scheme – The Dec. 20 lawsuit names Sherman Oaks, California. estate loans made to third parties. The company said these loans were short-term financing with interest rates of 11 to 15 percent, the SEC said..
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Hard Money 101: Everything You Need To Know About Getting. – When you hear the words “hard money loan” (or “private money loan”) what’s the first thing that goes through your mind? Shady looking lenders who conduct their business in dark alleys and charge sky-high interest rates? In prior years, some bad apples tarnished the hard money lending industry when a few predatory lenders were attempting to “loan-to-own”, providing very risky.
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The most profitable ZIP codes in the Triangle for flipping houses (Slideshow) – Walnut Street Finance, a Washington D.C. firm that focuses on hard money loans for home flippers, just assigned its first full-time portfolio manager to the Triangle. A typical loan from the firm.
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