JP Morgan and the Future of Direct Hard Money Lenders
Early December 2015, J.P. Morgan announced a strategic partnership with OnDeck Capital, an alternative lending company, to originate, underwrite, and distribute loans that are targeted specifically at small businesses. The news impacted the banking world, as evidenced by a 28% single-day spike in OnDeck share price and has long-term implications for alternative lenders – of which hard money lenders are a core part. The partnership scared many private lenders into worrying that major banks may be thinking of controlling their Read More