Using Referrals for Private Loans

[Lupe Santiago]

Hi - I have a question for some experts regarding hard money lending. I make private hard money loans for real estate investments, and under Nevada law, I am exempt because they are for commercial, non owner occupied purposes and I use my own funds.

Recently a guy called me and wanted to provide "connection services" by putting me in contact with certain real estate investors looking for loans. He claims he's not a mortgage broker, but he wants a cut of the points as compensation for connecting the money and the borrower.

Could I get in trouble for paying him a fee in connection with my loan? I don't think he's a licensed mortgage broker.

Thanks and let me know if I need to provide more information to be helpful.