COVID-19 SBA Disaster Relief Programs
The U.S. federal $2 trillion coronavirus stimulus bill included a $349 billion relief for small businesses called the Paycheck Protection Program (PPP) to support job retention and other specified expenses. The PPP loan is [...]
The Fully Digital Mortgage Makes Headway
Technology advances will benefit both borrowers and originators. As eMortgages, including eClosings, gain traction and acceptance, the mortgage industry is focused on implementing the latest technology to reduce costs, attract customers and gain efficiencies amid [...]
Member Spotlight | Loren Howard
During a workout cool-down (we're not quite sure Loren knows what that actually means), what started as an attempt to "see how fast [he] could go" on the indoor rowing machine led Loren Howard, founder [...]
Market Color: COVID-19’s Impact on Private Lenders
by Ray Sturm and Ryan Craft Uncertainty during personal and economic danger is hard to endure. However, in the weeks and months ahead lenders and investors alike will be forced to make decisions [...]
Private Lender Outlook
Here’s how 2020 is shaping up for private lenders. What is the state of the private lending industry in the U.S.? Unlike the national housing market, there is no such thing as a national private lending [...]
The Coronavirus and You
How the coronavirus is affecting the private lending sector With the world reacting to the effects of the fast-spreading coronavirus, health officials and economists alike are looking to history to help predict both its advance and its lasting impacts. Nothing recent—like H1N1, [...]
Applied Business Software Announces Exponential Growth on its Services Department
LONG BEACH, Calif., March 31, 2020 - Applied Business Software (“ABS”), is excited to announce record growth in the Services Department for the fiscal year 2019. In the 2019 fiscal year, ABS experienced a 38% [...]
Designing Nonperforming Note Funds
The fund structure, accounting methods and other strategies must be considered in addition to securities compliance. A nonperforming loan (NPL) is a type of note that is in default, distressed, delinquent or otherwise dilapidated. NPLs [...]
5 Questions to Ask When Scaling Your Real Estate Business
Creating a successful business requires forward planning and strategic thinking. Before planning to scale your private lending business, it's important to gather detailed information that will help to inform your decisions. In the spirit of [...]
The Advantages of the Debt Yield Ratio
Banks are moving away from DSCR, and private lenders should consider doing so too. For many years, banks have used the Debt Service Coverage Ratio (DSCR) to assess risk regarding a borrower’s ability to make [...]
Private Lenders: Will Your Products Get the Job Done During a Market Downturn?
A real estate investor provides advice on developing creative financing strategies that could carry both lenders and investors through a softer market. As a real estate investor for 15 years, I have worked with my [...]
AAPL Opposes Anti-Flipping Taxes/Special Conveyance Flip Taxes
Instead, promote incentives to increase economic activity and to create the change we all want to see. Most states or other governmental subdivisions that we are aware of impose what is known as a conveyance [...]
From the Corner Office
If you thought 2019 was a big year for AAPL, you ain’t seen nothing yet (to quote one of the top songs of the 70s and, yes, it’s Bachman Turner Overdrive, if you’re wracking your [...]
American Association of Private Lenders Announces 2nd Annual Day on the Hill
Kansas City, Missouri - March 2, 2020 – The American Association of Private Lenders (AAPL) and Think Realty announced their second annual Day on the Hill, during which they will meet with the offices [...]
Is Your Loan Enforceable in Bankruptcy Court?
With bankruptcies on the rise, it is important for lenders to know the ins and outs to ensure full repayment. As 2019 ended, the number of bankruptcy filings nationwide appear to have increased to a [...]
2020: What’s on Tap for Lenders
The housing market holds its own amid economic and political challenges. Trade tensions, lackluster business investment, a volatile equities market and political uncertainty could create economic challenges in the new year; however, the real estate [...]
Zelman’s View on 2020 Housing
Put the puzzle pieces together. The American Association of Private Lenders has partnered with Wall Street housing research firm Zelman & Associates to launch the private lending industry’s first and only researchfirm-backed benchmark data survey. [...]
4 Benefits of Business Partnership
No man is an island; neither is a business. The idea that independence and autonomy are signs of strength applies less and less as the business landscape evolves. While globalization shrinks the distance between us, [...]
NYC Home Flipping Analysis
Legislation aimed at deterring “property speculation and flipping in vulnerable neighborhoods” in New York City begs the question: Just how prevalent and harmful is home flipping in the five boroughs that would be impacted by [...]
CIVIC Launches Military Appreciation Initiative
Redondo Beach, CA, February 25, 2020 – Civic Financial Services is committed to supporting our nation’s injured veterans through Wounded Warrior Project® (WWP) and the nonprofit’s free programs and services. Additionally, the private money lender [...]
