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Hard Money Lender Goes Wholesale

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A hard-money lender based in Maryland is now offering its loan programs to mortgage brokers. One of the principals at the firm, which solicits investors for capital, was a loan officer at SunTrust Bank, while another principal is a real estate investor.

In an April 10 announcement, Hard Money Bankers LLC unveiled a new Web site. The company solicits investors who are interested in “double-digit interest rate returns” from non-traditional mortgage loans.

“We generate tons of hard money mortgage leads, we carefully scrutinize them for the safest and most profitable deals, and we put our investor money to work by helping them write private mortgage loans,” online promotional material for investors states. “These mortgages are high-yielding, passive investment vehicles.”

At the same time, the Baltimore-based company said it now accepts business from mortgage brokers.

Brokers who have little technical experience can set up their own custom Web page on the Hard Money’s Web site in less than a minute, according to the news release.

Two principals listed by the company are Jason Balin and Chris Haddon.

photo of Jason Balin
Hard Money photo of Jason Balin

photo of Chris Haddon
Hard Money photo of Chris Haddon

Balin reportedly founded several real estate investment firms prior to his current gig. His LinkedIn profile indicates that he has worked at Capitol Area Properties LLC since June 2006.

Haddon, a former loan officer with SunTrust Bank, started “his career in real estate finance with a large commercial bank,” an online company biography says.

Haddon handles Hard Money Bankers’ investor relations.

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