Private loan for investing

[George Knetzger]

Any yays or nays regarding Spectrum Global Financial  from Arkansas?.   They approved me for 150k 5%  30. 

[Kevin Woodard]

If you can get a private loan for 5% good on you. I haven't seen anything that low so I would just do your due diligence. What's the purpose of the property? Some lenders do not UW STR so if it's a STR it's worth considering. Is it FRM or some sort of ARM? What LTV amount for that rate?

With the facts, however, 5% 30 year is good.