finding small loan company for property purchase.

[Benjamin Brookes]

I am looking to purchase a condo in my area, but the cost is $60k. I am having a hard time finding a loan company that will take on a small amount. Any suggestions on loan companies that might deal with low price point loans?

[Alex Breshears]

As a private lender myself, this is something we routinely fund in my markets because of this lower asset levels. Depending on what state, I may know a private lender in that market. I am the coauthor for BiggerPockets private lending book, Lend to Live. I mention this because the book can be a blueprint for you to build your own army of private lenders. I work with an active investor in this type of market to help her build this private lender army to fund all her deals. She routinely gets loans for $20k to $50k for her acquisitions, and then after she has enough, she refin's into a portfolio loan with several properties, and then starts again. There are ways! Feel free to send me a message if you have questions, but in case you are interested in learning more about the private lending process here is a link to the book: https://store.biggerpockets.co...