Geraci Law Firm

Business-Purpose Loans Should Not Be Subject to Mortgage Lender Licensing

By |2021-03-15T16:05:02-05:00March 15th, 2021|Advocacy, Featured|0 Comments

AAPL advocates for national business-purpose loan exemption from mortgage licensing. Generally, private lenders in states that require a mortgage lender license to make a business-purpose loan are already licensed, and those in states that do not require a license are not licensed. What is probably more surprising is that private lenders who make loans in [...]

By |2021-03-15T16:05:02-05:00March 15th, 2021|Advocacy, Featured|0 Comments

The CFPB Answers to the President Now

By |2021-02-15T18:35:53-06:00February 15th, 2021|Advocacy, Featured, Legal|0 Comments

What does this mean under a Biden presidency? This is a follow-up to “The Future of the CFPB Is at Stake,” published in the Q2 2020 issue of Private Lender. On June 29, 2020, the Supreme Court of the United States handed down its highly anticipated decision in Seila Law vs. Consumer Financial Protection Bureau. [...]

By |2021-02-15T18:35:53-06:00February 15th, 2021|Advocacy, Featured, Legal|0 Comments

Is Your Loan Enforceable in Bankruptcy Court?

By |2020-03-03T20:49:44-06:00March 3rd, 2020|Legal|0 Comments

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 record high for the fifth year in a row. Granted, the number of bankruptcy filings in 2019 surpassed 2018 only [...]

By |2020-03-03T20:49:44-06:00March 3rd, 2020|Legal|0 Comments

Understanding Securities Exemption in Private Lending

By |2020-02-11T22:09:24-06:00February 11th, 2020|Legal|0 Comments

What you need to know about the legal implications of direct investments vs. indirect investments There are two common categories of private lending investments an investor can make: Direct investments Indirect investments, which are made by investing in a Fund Let’s look at the securities exemptions related to these types of investments as well as [...]

By |2020-02-11T22:09:24-06:00February 11th, 2020|Legal|0 Comments

Structuring a Private Mortgage Pool

By |2018-08-07T02:38:03-05:00March 14th, 2018|Strategy|0 Comments

• Make loans on a peer-to-peer basis, one investor at a time. • Fund based on a fractional participation plan, with several investors. • Finance the transaction using a mortgage pool. The first option requires a lender to issue a trust deed that secures the investor’s interest in the loan. If the lender chooses and [...]

By |2018-08-07T02:38:03-05:00March 14th, 2018|Strategy|0 Comments

Personal Growth and Motivation: Tools for Reaching New Heights

By |2018-08-07T02:38:24-05:00November 14th, 2017|Editorial, News|0 Comments

Anthony Geraci shares his motivations, how he’s been able to grow his ventures and create a strong legacy. “What motivates me is that I get to work with my friends, and together [we] get to achieve something bigger than myself,” said Anthony Geraci, managing shareholder in charge of vision  and culture at Geraci Law firm. [...]

By |2018-08-07T02:38:24-05:00November 14th, 2017|Editorial, News|0 Comments

American Association of Private Lenders announces its new Education Advisory Committee

By |2021-06-08T13:55:10-05:00June 14th, 2017|News|0 Comments

American Association of Private Lenders (AAPL) is pleased to announce the formation of its new Education Advisory Committee. The committee is comprised of five current members: Corey Dutton, Private Money Utah; Chris Ragland, Noble Capital; Andy Williams, Recon Realty Inc.; Erica LaCentra, RCN Capital; Jeff Levin, Specialty Lending Group; and one ex officio position, Nema [...]

By |2021-06-08T13:55:10-05:00June 14th, 2017|News|0 Comments

Fighting Fraud: How SBA Lenders Can Avoid FCA Violations.

By |2021-06-08T13:58:19-05:00March 24th, 2017|Legal|0 Comments

The U.S. Small Business Administration (SBA) provides loan programs available at most banks and commercial lending that are U.S. government-backed and guaranteed. Each year, the administration guarantees billions in loans and assists thousands of U.S. small businesses with obtaining financing that may otherwise not be available to them from traditional outlets. Although the SBA does [...]

By |2021-06-08T13:58:19-05:00March 24th, 2017|Legal|0 Comments

Mortgage Industry is Unclear About CFPB’s New Servicing Rule

By |2021-06-08T13:59:16-05:00February 15th, 2017|Editorial, Market Trends|0 Comments

The mortgage industry is anticipating significant changes when it implements the Consumer Financial Protection Bureau's 2016 Servicing Rule, but determining how those changes will affect operations will have to wait until the rule is fully implemented. The CFPB will not allow early compliance with the new regulations, which leaves the mortgage servicing industry left questioning [...]

By |2021-06-08T13:59:16-05:00February 15th, 2017|Editorial, Market Trends|0 Comments

Intrastate Crowdfunding Rules Get Green Light From SEC

By |2018-08-07T02:39:20-05:00November 3rd, 2016|Editorial, Market Trends, News|0 Comments

This past week, the Securities and Exchange Commission (SEC) made it easier for businesses to raise capital through crowdfunding efforts. The SEC adopted new and amended crowdfunding rules to allow companies to raise capital from small offerings more quickly and from out-of-state investors. SEC Chairwoman Mary Jo White made the announcement of new Rule 147A, [...]

By |2018-08-07T02:39:20-05:00November 3rd, 2016|Editorial, Market Trends, News|0 Comments

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