Private Lending - Whats your ideal loan

[Andrew Lax]

Long story short, I have been selling assets and plan to move back into the lending side of the business... 

We had a small portfolio of Hard Money Loans over the years that have since been paid off so not new to the lending side. 

My question for LTR investors - what would be an ideal loan for you assuming its for a longer term hold..

Please dont tell me 3% no fees, 100% LTV, close in an hour, no prepay etc etc LOL ...

Realistically, what would you want to see from a private lender?

Thanks guys !!  

[Chris Seveney]

Quote from @Andrew Lax:

Long story short, I have been selling assets and plan to move back into the lending side of the business... 

We had a small portfolio of Hard Money Loans over the years that have since been paid off so not new to the lending side. 

My question for LTR investors - what would be an ideal loan for you assuming its for a longer term hold..

Please dont tell me 3% no fees, 100% LTV, close in an hour, no prepay etc etc LOL ...

Realistically, what would you want to see from a private lender?

Thanks guys !!  

60-70% LTV

Borrower has a legitimate exit strategy

Credit above 680

Monies to pay the loan

12% + 2 points. 

Other assets

Experience