Looking for a Private lender to work with

1 Reply

Hi Everyone:

I am looking for a private money lender for long term and short term lending.  All loans would be secured by real estate.  Ideally, I would like to develop a long term relationship with a lender and we can both make money together.


Thank You

Matt

So is everyone else who can not get a conventional bank loan. 

You have to develop a relationship with friends, family co-workers maybe even clients in your business. You do accounting for others. You should know many people who have businesses or people who are doing well. Talk with them about diversifying into some longer term lending. Let them know how being a lender will benefit them. Some will bite, some will not. 

You could do 30 year loans, 20 year, 15 year, 25 year amortization with 3 year or 5 year balloons. You can do all sorts of things depending what your clients need or want. The hard part is asking someone for their money.