Updated almost 7 years ago on . Most recent reply
Private Money Lender Requirements
Does anyone know the information needed when filling out an application for a private money loan from a lender? Also do they require your Social Security number?
Most Popular Reply
"Private" money lender refers to a personal contact, not a bank or group of investors. It's your neighbor, parents, uncle, brothers, friend. Their terms are whatever you two agree on, frequently less expensive terms than a hard money lender. A hard money lender will certainly require your SSN and sometimes your firstborn.