Industry News

HOME-FLIPPING TREND WEAKENS AS HIGH-INTEREST LENDERS JUMP 40%

HOME-FLIPPING TREND WEAKENS AS HIGH-INTEREST LENDERS JUMP 40%

So-called "hard money,” which comes from sources other than banks and which carries higher interest rates, is hard to track because it’s fragmented and littered with thousands of small players doing one or two deals a year. However, a for-profit trade group called the American Association of Private Lenders estimates the number of hard money lenders and related “private money” lenders at 8,300, or up almost 40% since 2016.