revise: Most of the short-term lenders (Fix & Flip) that were tied to institutional funds (Wall Street) have stopped lending because they either can't get funds, or no one will buy their loan portfolio. Now is the time to utilize either those small local private funding sources or national funding sources that have control over the money they lend and do not have to rely on Wall Street money to survive. Expect to experience lower leverages (more money from the borrower) and higher rates to help the lender mitigate the risk of the market adjusting (they anticipate lower values to come). Plus they will look for borrowers with better liquidity to handle any unforeseen issues. (Just like they did during the last market correction)
