When Commercial Lenders are Hard to Find, Lendicom Can Help
Okay, so your congress authorizes $700 billion dollars to revitalize the banking industry and encourage the banks to start lending again. The first $350 billion is handed out quickly enough to a diverse spectrum of troubled and not so troubled banks and financial institutions. And, oh yeah … your government forgot to place any requirements on the use of those funds and failed to build in some degree of accountability; and so now they are getting ready to allocate the other $350k and there are several proposals being hammered out by Mr. G and congress and such—and those of us in the finance industry can only hope that the next infusion/injections/guarantee or whatever, will motivate the banks to begin lending again. And yet, even as I write this post, those in the know are saying that the entire banking industry is insolvent and that multi-trillions may be needed to turn things around in this sector.
So the bad news is that banks aren't lending on good, clean, no-nonsense commercial loans. They just aren't—not now anyway. The good news is that private investors are in fact still lending, and see opportunity in those areas where the banks fear to tread. Further good news is that most commercial borrowers have accepted that loans are going to be difficult to find and be more costly, so the elasticity of demand is quite low at the moment, and higher price points are not seemingly scaring off the borrowers.
Many borrowers and brokers don't have access to the contacts to do private money lending. They never needed to build this part of their business base before. Lendicom can help those borrowers and brokers. Lendicom will match your loan proposals up against a vast database of both commercial banks and active private investors, and will seek to find matches with the individuals/entities/programs that specialize in equity based private money lending.
Don't just sit and wait for things to get better. You could be waiting awhile. Get out there and make it happen. Don't even get out there. You don't have to leave your computer. Just get active with Lendicom and make things happen.