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Posted by Ronald M
Nawrocki in Untagged
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For 18 months we've been struggling to expand our residential real estate portfolio while properties are available at deeply discounted prices. The hurdle continues to be the lack of bank financing. Despite the rhetoric, banks do NOT have money to lend due to their weak balance sheets. The primary culprits - non-performing loans and bank owned (REO) properties. I will admit bank lending has improved since late 2008 - but it's gone from zero to very little !
I'd like to hear your views on bank lending ... is the lending faucet starting to drip?
As the old adage says, necessity is the mother of invention. Our team has been forced to test and implement virtually every form of creative financing ever invented (plus 2 more). In the process, we realized we developed THE solution to the banking & lending crisis !