5/25/12 IMPORTANT ANNOUNCEMENT: MAJOR BP Update Next Week!

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Forums » Seeking Financing, Money, or Loans » Private Investor Needed

Private Investor Needed Subscribe to Private Investor Needed

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Loss Mitigation Specialist · Edmond, Oklahoma


I am looking for some good private money investors. My company currently closes around 4-6 transactions a month and we are in need of a fast and reliable funding source. Since we have been closing more transactions over the past 4-6 months we have maxed out our current private investors funds and are looking to add another good source. We are only looking for short term money and are not looking to buy and hold any properties. Our primary business is short sale flipping and only need to fund the transactions for 3-15 days to get around seasoning issues. We currently pay our private investor 1% up front with a minimum of $1000 and 12% interest for every day their money is out. Your security on the property is a first mortgage lien with a power of sale clause so you do not have to go through the foreclosure process. If the funding is out longer than a month then we will make a payment to you every month the payment is out. We are easily capable of making our interest payments and can provide bank statements and financials upon request. If your interested please email me at [REMOVED] and we can set a time to meet and go over the details.


Rehabber · Simi Valley, California


12% interest per day?? Sign me up!! :)


Private Money Lender · Detroit Area, Michigan


Have you ever thought of the option of creating your OWN funds instead of relying on other private investors, lenders, banks or credit unions... Less interest! Buy and flip more properties..

Every RE investor should have his or her own bank for RE investments..

There are a number of options for RE investors to create funds.. and not have to worry about paying interest rate or lender tapping out..


Real Estate Investor · Atlanta, Georgia


Originally posted by Brian Smith

There are a number of options for RE investors to create funds.. and not have to worry about paying interest rate or lender tapping out..

I have no idea what this post means...can you elaborate?

J Scott, Lish Properties, LLC
Telephone: 770-906-6358
Website: http://www.123flip.com
http://www.123flip.com


Real Estate Investor · Chicago, Illinois


Originally posted by Mike G.
12% interest per day?? Sign me up!! :)

I will beat Mike's rate and lend you at 11% per day. Looking out for my fellow BP members here. That's all. :)


Private Money Lender · Detroit Area, Michigan


Hello Matt, Mr. Scott

What I am saying is why do real estate investor stick to just relying on lender or banks to fund their real estate transactions?

Our company uses structured corporate funding, sblc monetization, and Private Trading programs to funds most projects... Just curious to why most real estate investors do not use this same route.. Our funding program is open to all real estate investors of BP

We fund all real estate, and other business deals..

Min- $50k no max

Required- 10-30% down and brief synopsis of how the funds will be used may be required

Our company has been consistently funding projects for the last (6) yrs , and still going..

%100 Transparent and Full Disclosure

We fund most projects within 45 days .. We also have other program for quicker funding..


Real Estate Investor · Tampa, Florida


Matt.
We are a transactional lender nation wide. I can lend for up to 60 days, so may be within you parameters as to what you are looking for. Give me a call tomorrow or check out our site.

To give you an idea we charge 1.25% for 0-1 day, 2.00% day 2-5, 4.50% days 6-15, day 16-25 is a 5.75% fee of our invested capital with a minimum fee collected of $2,000. Our fee structure allows for a longer hold period, obviously with a higher rate.

Hope we can help!


Loss Mitigation Specialist · Edmond, Oklahoma


Let me clear a few things up on this post. The 12% is annualized and prorated for the days that we have the loan out. So for instance if we needed $100,000 the interest for the year would be $12,000 and if we used it for 30 days that would be $1,000 of interest. The total return on this deal would be $2,000 for using $100,000 for 30 days. This Im sure makes a big difference on the comments I have been getting for help. lol. If you are still interested in something like this then please respond back or comment on this post. Sorry for the confusion I didnt explain myself very well. The rate we are looking for is better then what you would find in a hard money loan but with the nature of our transactions, the strength of my companies financials, and the experience that I have had we think 24-36% return on someones money is very fair for the risk involved.




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