Asset based loans, also called hard money loans, are widely used by real estate investors who appreciate fast approval with more flexibility and less invasive documentation. Hard money loans look first to collateral whereas traditional bank loans are based on cash flow.
Join us to explore this fascinating niche in the lending market.
Boomerang Finance, LLC (the “Fund”) has an investment objective of providing income with limited variability in returns. This is accomplished by providing short-term, business-purpose loans secured by real estate in a first lien position with the additional protections of a personal guarantee from borrowers and cross collateralization. All loans are self-originated, and risk managed through careful underwriting, thoughtful portfolio construction and consistent servicing. The majority of borrowers are return clients. Exposure is broad-based, and the Fund is structured as a REIT.