A borrower wanted to close a loan before year end on a property in Northern Utah near Bear Lake, a popular recreation destination. They were set to go with another lender but they said they would not close before year end. Actium swung into action, driving — in a snow storm on a Saturday...
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In the Park City, Utah area, a prospective borrower was selling a home used for nightly rental. At the same time, he had placed another nearby property under contract to purchase. His original property sale did not close before he would lose his earnest money on the new property. In a potentially costly situation, ...
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Often the seller of a property needs money but wants to wait for an optimal sales price. Actium can be the answer in these circumstances. Borrowers with desirable properties in locations like the Kaanapali Coast in Maui or Jackson Hole, Wyoming know the strength of the markets can bring top dollar. However, they may...
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Many people come to Actium when they have needs for quick cash. We once received a call once from a business owner who did not receive a check they expected to use for payroll. Up against a very uncomfortable situation, he asked if we could lend against a property he owned. We flew out...
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A borrower wanted in on a solid investment — purchasing a mobile home park. The problem was he did not have the financing in place to close in the timeline required. Actium has a solution for situations like these. The combination of the cash the borrower could put toward the transaction combined with other...
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It’s often said that if a business isn’t growing, it’s dying. But sometimes growth is constrained by an inability to secure funding from a traditional bank. This is where bridge loans from private lenders can mean the difference between failure and success. Here is sample situation where private lending offers an ideal solution. A...
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Private loans, often referred to as hard money loans or bridge loans, offer three significant advantages over conventional or bank-financing arrangements. Private lenders can fund quickly, within a flexible structure and without prepayment penalties that can unintentionally hinder the success of your business. Here are the top three advantages of hard money loans: 1. Rapid Funding of...
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Securing funds from traditional lending institutions in the post-downturn economy can seem nearly impossible. That’s where private lenders like Actium can bridge the gap and provide resources where other avenues have failed. Actium worked with a company in a seasonal industry whose long-profitable business had experienced challenges during the Great Recession. As a result,...
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Contact Paul Christenson at 801.983.6701 to start the conversation or fill out the form below.
