Hard-money lenders capitalize on distress
LAS VEGAS-Hard-money lenders want to capitalize on distress in commercial real estate and the foreclosures that may hit that market, according to the Las Vegas Sun. Investors, hard-money lenders and mortgage brokers at a conference last week at the Monte Carlo to discuss the industry and opportunities they are expecting in 2010.
Irish lenders will need additional capital this year as loan losses mount amid rising unemployment, the Central Bank has said.