Corey Ribotsky on Real Estate
One of the activities of the NIR Group is a Real Estate fund. The main service it offers is mortgage loans which has “different levels and types of risks than mortgage loans originated by more traditional lenders (such as banks, insurance companies or conduit lenders).” Thus these loans generally return a higher yield, shorter-term. In general with hard money mortgage loans like the ones offered by NIR the borrower incurs a more costly fee, there is a greater demand for such loans due to the following factors: the borrower wanting to “limit equity dilution” due to involving an equity investor to provide the necessary funds; “tighter loan underwriting standards” used by the standard mortgage lenders and “borrowing timing issues” that need an “expedited loan closing” that do not incur the delays regular financing usually means.