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Posted Adam S. Kessler Publications
As we all confront the health and business challenges resulting from the Coronavirus, please know that we are here to help. Some of you have already started to reach out to our team to prepare for an inevitable consequence of the current pandemic, collection of delinquent assessments from unit owners ...
Read More: Open Letter to Our Community Association ClientsPosted Adam S. Kessler Publications
To our Clients and Friends: As we all confront the health and business challenges resulting from the Coronavirus, please know that we have the ability, background and commitment to help our clients address these challenges. ...
Read More: Open Letter to Our Clients and Friends 3/27/2020Posted Adam S. Kessler Publications
The rule of thumb in New Jersey is that private and hard money lenders should only originate loans where: (1) the borrower is a corporation, limited liability company or limited liability partnership; and (2) the security for the loan is non-owner occupied properties purchased for investment purposes. Where the above two rules of thumb are followed, New Jersey private and hard money lenders should be exempt from civil usury restrictions and subject only the criminal usury restriction of 50% per annum.
Read More: What New Jersey Private/Hard Money Lenders Need to Know About UsuryStart the Conversation
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