I lived in Maine for several years. My mother and I both loved lighthouses with Mom taking her fondness for them to great lengths, collecting just about anything and everything that represented her love of lighthouses. When Mom passed away I inherited her boxes and boxes of lighthouse knick-knacks, furniture, Read more…
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Many years ago I frequently rubbed elbows with the hard-money world of commercial lending. As an expert educator in the world of commercial finance, I simply could not have a functioning knowledge of the industry without being exposed to what was known as “hard-money lending.” Hard-money loans typically come with some steep prices. The first fee one would usually have to pay is an “application fee.” This particular fee is