Alex Mervis's (alexmervis) Blog

As Alternative Lenders in our area of Western Pa / Pittsburgh, we often are asked about rates. The stock answers range from "don't worry we are expensive" to in the big picture " what does it cost you to pass on a deal for lack of funds? In the scheme of things we consider our business to be that...

With all the hype of the real estate and  mortgage meltdown, one issue remains crystal clear. Real estate is a value based asset. Pay too much at purchase, you lose ! Not enough cash flow to cover the carry cost, you lose! Simple rehab turns into a money pit diaster, you lose. The list goes on an...