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Posted almost 8 years ago

Creative Wealth and Formulating A PrivateLender Syndicate

As someone who has made the conscious decision to form a private lender syndicate. the first attempt would be through craigslist for the Tampa Bay area: St Petersburg, Clearwater, Tampa, Seminole, and Largo. The goal is the  targeted area within a 25 mile radius. The form letter that I drafted is based on the following content:

The primary types of financing I need includes short-term loans for:
Ground up construction*
Purchase of existing property
Refinancing
Debt restructuring
Rehab of existing property

Therefore a wide variety of different types of commercial real estate*. These include (but are not limited to) the following:
Rehab of existing property
Hotels and motels
Office buildings and office parks
Mixed-use developments
Industrial buildings and warehouses
Golf courses and resort properties
Retail strip centers, plazas and shopping malls
Apartment buildings and condominiums
Senior living facilities
Retirement and nursing home facilities
Automobile dealerships
Cinemas
Multi-family residential complexes
Private schools
Subdivision servicing

A second targeted market would be private lenders from Bigger Pockets (random selection of 10 in a radius of 25 miles). The results would be based on $20,000 form ten private lenders to build a syndicate translated as a "pooled investment" for the above transactions. I have also considered corporate venture capital as seed money for a start up. 


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