{"id":851146,"date":"2023-01-10T06:03:07","date_gmt":"2023-01-10T05:03:07","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/scotsman-guide-transitions-from-hard-money-terminology-to-private-money\/"},"modified":"2023-01-10T06:03:07","modified_gmt":"2023-01-10T05:03:07","slug":"scotsman-guide-transitions-from-hard-money-terminology-to-private-money","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/scotsman-guide-transitions-from-hard-money-terminology-to-private-money\/","title":{"rendered":"Scotsman Guide Transitions From \u2018Hard Money\u2019 Terminology to \u2018Private Money\u2019"},"content":{"rendered":"

BOTHELL, Wash.–(BUSINESS WIRE)–#commercialrealestate<\/a>–Scotsman Guide, the leading provider of financial technology tools and industry news for mortgage originators, has announced that \u201chard money\u201d will now be referred to as \u201cprivate money\u201d throughout its catalog of products.\n<\/p>\n

<\/a>
<\/a><\/p>\n

\nIn keeping with the evolving language of commercial and residential mortgages, and in support of the private lending industry, Scotsman Guide will shift its verbiage effective immediately in its print magazines, online news and digital tools, including its industry-renowned Lender Search marketplace.\n<\/p>\n

\nThe change isn\u2019t one we take lightly, as \u201chard money\u201d has been used for decades to describe products that offer bridge financing, fix and flip loans, faster closings, shorter loan terms and other inherent advantages that private lending offers. Lately, however, the moniker has undergone scrutiny from within the sector itself. Many have criticized the expression for evoking unwarranted associations with high interest rates and unfavorable loan conditions.\n<\/p>\n

\nSuch concerns were reflected in a recent meeting of the National Private Lenders Association (NPLA), which unanimously adopted a resolution ceasing the use of \u201chard money\u201d nomenclature.\n<\/p>\n

\nIn recent years, the institutionalization of the \u201chard money\u201d industry has been driven by many factors, including efficient access to funding through capital market and new underwriting standards. Additionally, private lenders have become more modern and professional, with predictable lending products that provide borrowers with an array of financing options.\n<\/p>\n

\n\u201cCommercial mortgage is currently undergoing so much change, and one of the biggest paradigm shifts has been within hard money,\u201d said Todd Belmond, principal\/VP marketing for Scotsman Guide. \u201cThat includes the name \u2018hard money\u2019 itself. While some still support it as an important brand over the years, a larger portion feels that it\u2019s time to drop the term and embrace a more professional tone.\u201d\n<\/p>\n

\n\u201cThe private money sphere is a sophisticated sector that fills a vital need within the mortgage world,\u201d Belmond added. \u201cBecause of that, Scotsman Guide recognizes its move to new terminology, and we\u2019re excited to see the bright future it leads to for the industry.\u201d\n<\/p>\n

\nTo learn more about the evolving private money industry, read the following articles from Scotsman Guide.\n<\/p>\n

Leaving the Wild West Behind<\/a>: The private lending industry is embracing a shift to modernized language<\/p>\n

Q&A with Leonard Rosen<\/a>: Private lenders grow beyond the \u2018hard money\u2019 name<\/p>\n

Q&A with Jeff Tennyson<\/a>: Turning the page on a tired and antiquated term<\/p>\n

A Phrase to Delete<\/a>: Is it time for mortgage lenders to drop the \u2018hard money\u2019 moniker?<\/p>\n

\nAbout Scotsman Guide\n<\/p>\n

\nWhen Scotsman guides, mortgage originators gain. The leading provider of financial technology tools and industry news for mortgage originators, Scotsman Guide offers high-quality content, verified lender search results, and connections that open doors and close deals. With fast, easy access to what\u2019s critical, we\u2019re a performance platform that fuels momentum for residential and commercial mortgage professionals. Discover a destination for indispensable mortgage loan-origination information at www.scotsmanguide.com<\/a>.\n<\/p>\n

Contacts <\/p>\n

\nHarte Onewein, Marketing Manager
\n
Phone: 425.984.6022
\n
Email: harteo@scotsmanguide.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

BOTHELL, Wash.–(BUSINESS WIRE)–#commercialrealestate–Scotsman Guide, the leading provider of financial technology tools and industry news for mortgage originators, has announced that \u201chard money\u201d will now be referred to as \u201cprivate money\u201d throughout its catalog of products. In keeping with the evolving language of commercial and residential mortgages, and in support of the private lending industry, Scotsman […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-851146","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nScotsman Guide Transitions From \u2018Hard Money\u2019 Terminology to \u2018Private Money\u2019 - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/scotsman-guide-transitions-from-hard-money-terminology-to-private-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scotsman Guide Transitions From \u2018Hard Money\u2019 Terminology to \u2018Private Money\u2019 - BeBeez\" \/>\n<meta property=\"og:description\" content=\"BOTHELL, Wash.–(BUSINESS WIRE)–#commercialrealestate–Scotsman Guide, the leading provider of financial technology tools and industry news for mortgage originators, has announced that \u201chard money\u201d will now be referred to as \u201cprivate money\u201d throughout its catalog of products. 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