June 30, 2014
LENDING A HAND: Johanna Traynor, left, and Alexa Mizrahi of Loan Oak Fund, which financed a hard-money loan for the purchase of this Beverly Hills complex.
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Hard-money lending – loans against hard assets such as real estate – is on the rise in Los Angeles.
Hard-money lending is on the rise because banks can’t make certain types of loans and investors are looking for high returns.