private money Illinois

[Lee Schram]

Does anyone work with a private money lender they can recommend in Illinois?  Not HARD MONEY lender, strictly private money lender who doesnt charge the high interest rate and the points?

Thank you

[Account Closed]

Lee Schram I am a private money lender in Los Angeles. The rehabbers I work with I have PERSONALLY known for a long time. I've checked out thier properties got a feel for thier ethics and thier business savvy. If they shared my info with others especially on the internet i would probably not work with them ever again. Why? I would view it as a violation of trust and my privacy. Rehabbers keep their pm contacts close to thier sleeve. If I'm funding other deals I may run out of money to fund thier deals. And I charge 13% plus a point on debt financing. I get more if I'm doing a jv. It's my hard earned money and I intend to get compensated fairly. As Mike H said if you're serious get a loan from a hml that's what they are in the business to do loan short term money. Good luck