Peter Pays Paul

Inside commercial hard money lending.

Feds Seize New York Office Building

Wednesday, December 17th, 2008

The US Government seized a New York office building believed to be linked to The Iranian Government.

Federal authorities moved in Wednesday to seize control of a New York City office building partially owned by a company with ties to the Iranian government.

The move by officials at the Treasury and Justice Departments is designed to stop the flow of funds they say are used to help Iran’s efforts to build nuclear weapons.

Feds Seize New York Office Building Tied to Iranian Government

Hard Money: A Dangerous Career?

Wednesday, October 22nd, 2008

A New York real estate lawyer was shot in the parking lot of a Korean restaurant on Monday.

His friend said, “DiMartino recently began a side business in real-estate closings, title searches and ‘hard-moneylending’ – high-interest loans to people unable to tap traditional credit sources.”

Are real estate investors that desperate to get out of debt that they would commit murder?