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Updated almost 12 years ago on . Most recent reply

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2
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0
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Samir Shah
  • Redmond, WA
0
Votes |
2
Posts

Looking for guidance to lend

Samir Shah
  • Redmond, WA
Posted

Hi,

Couple of friends and I are pooling money to start a private lending business. I am looking for some guidance on where to start around documentation preparations and any gotchyas.

Thanks,

Sam

Most Popular Reply

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1,737
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
1,508
Votes |
1,737
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
Replied

You run the very real risk of running afoul of SEC regs and numerous lending laws if you do this incorrectly. Talk to a lawyer before you set anything up.

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