Verifying Lenders

[Kevin T.]

Hi everyone,

I am in the process of purchasing a multimillion dollar apartment complex with the assistance of accounting and legal professionals to review the financials and the property. I received an offer for 100% financing through a private lender seeking a 25% equity stake in this project. Now, it seems a little steep but understanding that they can be bought out in 5 years with my company having the right to purchase first is perfectly fine to get this deal under way IMHO.

My question is as follows, the individual lending the money is going through a company that I will leave off of this post for privacy reasons but I want to ensure that I am not about to work with a group of individuals who might not have the proper funding in place. They have excellent reviews, but they are a UK based business. They have been in business over 6 years with no negative reviews.

What would you recommend doing to verify that this lender is legitimate? Obviously my legal team is researching for me, but I want to know if there is something else I can do in the mean time. Any help is greatly appreciated, as I intend on closing this deal this month.