Geraci LLP

Interest Rates Are Rising…

By |2022-06-17T09:43:38-05:00June 17th, 2022|Featured, Market Trends|0 Comments

What Does That Mean for Private Lenders and What is Going to be Affected? As of this writing, Jerome Powell informed the world that the Federal Reserve was raising the federal fund rates 75 basis points (bps) or 0.75%, bringing the total charge to 1.75%.  The go-to primary inflation control valve of the Federal Reserve, [...]

By |2022-06-17T09:43:38-05:00June 17th, 2022|Featured, Market Trends|0 Comments

Non-Real Estate Assets as Security

By |2021-10-12T21:01:44-05:00October 12th, 2021|Compliance, Featured|0 Comments

Personal property assets can be used as collateral when the value of the borrower’s property does not meet a lender’s requirements. Nearly every mortgage broker and lender has dealt with a loan in which the value of the real property offered as collateral is insufficient to meet the underwriting requirements. As an alternative to changing [...]

By |2021-10-12T21:01:44-05:00October 12th, 2021|Compliance, Featured|0 Comments

The 20% Qualified Business Income Deduction

By |2021-09-13T18:25:10-05:00September 13th, 2021|Advocacy, Featured|0 Comments

Here’s AAPL’s position on IRS code, section 199A. The Tax Cuts and Jobs Act enacted Section 199A of the Internal Revenue Code in 2017. This legislation created a 20% tax deduction for qualified business income for pass-through companies (e.g., limited liability companies, subchapter S corporations, and limited partnerships). It also authorized a 20% deduction for [...]

By |2021-09-13T18:25:10-05:00September 13th, 2021|Advocacy, Featured|0 Comments

IRS Extends Opportunity Zone Fund Benefit

By |2021-06-08T14:32:37-05:00May 24th, 2021|Featured, Legal|0 Comments

Ongoing pandemic spurs IRS decision to renew relief measures. In the recent IRS Notice 2021-10, the regulatory agency extended relief to Opportunity Zone Funds due to ongoing concerns stemming from the coronavirus. The announcement essentially renews the prior relief measures implemented via IRS Notice 2020-39, which expired at the end of 2020. The following is [...]

By |2021-06-08T14:32:37-05:00May 24th, 2021|Featured, Legal|0 Comments

Federal Eviction Moratorium Extended

By |2021-06-08T14:33:05-05:00April 27th, 2021|Featured, Legal|0 Comments

Here’s a look at what private lenders need to know about the executive order. As part of a concerted effort to mitigate the spread of the COVID-19 pandemic, newly-elected President Joe Biden implemented a flurry of 17 executive orders within a matter of hours after his inauguration. One of them is specifically intended to offer [...]

By |2021-06-08T14:33:05-05:00April 27th, 2021|Featured, Legal|0 Comments

How to Evaluate a Private Money Construction Loan

By |2021-06-08T14:34:19-05:00March 29th, 2021|Featured, Legal|0 Comments

If you look out for the best interest of your investor and do your due diligence, these loans can provide a great return. As the COVID-19 crisis has ravaged many parts of the real estate market, one of the standout sectors has been homebuilding. Interest rates are at record lows. Many families are migrating to [...]

By |2021-06-08T14:34:19-05:00March 29th, 2021|Featured, Legal|0 Comments

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

California’s Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020 Becomes Law

By |2020-12-11T14:54:40-06:00December 11th, 2020|Advocacy|0 Comments

Here’s what lenders need to know about how it protects tenants and landlords. On Aug. 31, 2020, AB 3088, known as the Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020, was signed into law. The law went into effect immediately. AB 3088 is an omnibus bill that incorporates many smaller tenant and [...]

By |2020-12-11T14:54:40-06:00December 11th, 2020|Advocacy|0 Comments

Mythbusting for Private Lenders: Securities Edition

By |2020-12-10T17:34:15-06:00December 10th, 2020|Legal|0 Comments

Are you a private lender? Nonconventional lender? Mortgage broker? It’s essential for you, as a private lender, to remember that if you are raising capital from investors, you are selling securities, and you need to consider local and/or federal securities regulations. There are many misconceptions and myths in the private lending industry when it comes [...]

By |2020-12-10T17:34:15-06:00December 10th, 2020|Legal|0 Comments

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