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Private Lending & Conventional Mortgage Advice

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21
Posts
15
Votes
Luke Teson
  • Investor
  • O Fallon, MO
15
Votes |
21
Posts

What do you as a "Private Lender" look for in a borrower?

Luke Teson
  • Investor
  • O Fallon, MO
Posted Nov 15 2019, 12:49

We are entertaining the idea of opening up a debt fund, and creating an offering for capital partners. My partner has experience as a tax credit syndication attorney, and we both have a lot of experience with underwriting deals.  For those of you who lend, what would give you an appetite to invest in a fund that primarily would be to acquire single family and small multifamily?  

User Stats

571
Posts
569
Votes
Derek Dombeck
Pro Member
  • Real Estate Consultant
  • Wittenberg, WI
569
Votes |
571
Posts
Derek Dombeck
Pro Member
  • Real Estate Consultant
  • Wittenberg, WI
Replied Nov 16 2019, 02:39
Security is always our highest concern. At what percentage is the loan to value? How and when will I get my money back?
We have a fund now for Bedt REI Funding and these are the questions that come up the most.

User Stats

571
Posts
569
Votes
Derek Dombeck
Pro Member
  • Real Estate Consultant
  • Wittenberg, WI
569
Votes |
571
Posts
Derek Dombeck
Pro Member
  • Real Estate Consultant
  • Wittenberg, WI
Replied Nov 16 2019, 02:40

Security is always our highest concern. At what percentage is the loan to value? How and when will I get my money back?
We have a fund now for Best REI Funding and these are the questions that come up the most.

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