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Updated over 10 years ago on . Most recent reply

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Ronnie Neal
  • Southfield, MI
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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

Yes of course. There are private loans for anything if you can negotiate them. 

Your question makes me think you are confusing a private loan with a hard money loan.

A private loan comes from a friends, family or associates that loan to you because they trust and respect you. I would not consider anyone who has a specific lending criteria to be a "Private lender" They are a professional lender and would fall in the category of Hard money lender. 

In my area it is very hard to get a Hard money loan for rentals. The reason is it is very hard to get a commercial loan to refinance the hard money lender out when the property is up and running. That used to be a common strategy and may work in your area.

  • Ned Carey
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