INDUSTRY NEWS

Here you will find the most current and relevant industry news for Private Lending Professionals and Service Providers.

Ending the Use of the Term “Hard Money”

Ending the Use of the Term “Hard Money”

Authored by John Beacham, CEO of Toorak Capital Partners.

The resolution encourages all those associated with Private Lending to cease using the term “Hard Money” and use alternative terms, such as Private Lending, Bridge Lending, and Transactional Funding.

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What New York Senate Bill S5257C Could Mean for NYC Real Estate

What New York Senate Bill S5257C Could Mean for NYC Real Estate

Authored by Ruben Izgelov, Co-Founder and Managing Partner of Nationwide Private Lender, We Lend.

Local real estate developers looking to convert vacant CRE units are going through a period of uncertainty. It is crucial to understand the difference between the two proposals and the impact this legislation will have on the market.

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New York Senate Bill 1061A: Regulation of Commercial Finance Licensing

New York Senate Bill 1061A: Regulation of Commercial Finance Licensing

Authored by Jonathan Hornik, Esq. and Peter Kelegian, Esq. of LaRocca Hornik Rosen & Greenberg, LLP

It is vital to commercial mortgage lenders that the proposed NY Commercial Financing Licensing Law not apply to them. For the following reasons, an exemption for “commercial financing transactions secured by real property” should be added to Section 363-b of the bill.

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A Time To Give

A Time To Give

As the NPLA works to support one another professionally, we also understand the need to look beyond ourselves. That is why we are proud to announce our fundraising initiative in partnership with Mercy Housing.

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