Every entrepreneur and property developer is looking for best measures to save money and earn a solid profit, so why would someone who strives for best quality at a lowest cost take credit obligations with an interest rate of 11% per annum?
After the economic crisis, several media outlets reported on the increasing number of new financial instruments offering alternative services to traditional banking solutions. Real estate developers are one segment who require these services, however, are they keeping pace with the latest news and alternatives or are they using existing financial models for their new projects?
In nowadays lending world, crowdfunding offers an alternative to traditional bank funding or hard-money lending. Typically, crowdfunding is faster than traditional methods of funding and offers more room for flexibility. These are the main benefits that also apply to EstateGuru business loans. However, there are a number of features that distinguish EstateGuru from other lending options. Find out more below.
As of now, EstateGuru’s investors have the opportunity to diversify their investments between three countries the firm operates in – Estonia, Latvia and Lithuania with the following destinations already under preparation. In order to raise our investors’ awareness of our operating markets and the respective real estate market, EstateGuru is hereby providing you with an overview of the latest addition to our operating countries – Lithuania!
On the current real estate market, it is quite hard to achieve a situation where it is possible to use the funds gained from the sale of a property immediately with the goal of financing the purchase of new real estate. It is common that the dates just don’t match and the sale of the old property takes more time than predicted. An even more difficult situation occurs when a person wishes to buy a new property before the sale of the old property is completed. In this situation, it is wise to use a bridge loan to cover the gap between the two dates and find a solution. This article will give further details about the uses of a bridge loan. Continue Reading