I'm a Private Lender. How do I connect with borrowers on BP?

Question

I've recently begun lending my personal capital to fund small deals here in Texas. Can I directly announce my availability here on BiggerPockets, or is that frowned upon? If allowed, where do I post it, just in a standard forum post?

Account Closed · Answer

You can post in the marketplace forum and also create a company profile (biggerpockets.com/companies/new) to show up in the company directory. https://www.biggerpockets.com/real-estate-companies

Ben F. · Answer

The Marketplace usually

Nigel Prentice · Answer

Account Closed Thank you for the quick answer!

Nigel Prentice · Answer

Sure thing, @Lisa Eckman!

Lisa Eckman · Answer

@Nigel Prentice Thanks for the reply. I’m looking to private lend as well. Perhaps we could talk further “off line”?

Nigel Prentice · Answer

@Ben F. What is my platform? I'm not sure what that means. And my area is typically Texas- Austin and Houston specifically.

Nigel Prentice · Answer

@Lisa Eckman My terms depend on the deal, location, duration, and most importantly on the asset we are funding. My range is 10-14% int rate, 2-4% points, and $20k - $70k for immediate closing. I can go higher, but will need more time to close. As a result, I've been doing deals in small markets, or land acquisition, or some small specific part of a rehab. Do you have a specific deal in mind?

Lisa Eckman · Answer

What are you offering in terms of interest rates, points, term, and loan amount?

Ben F. · Answer

What is your platform and market area

I'm a Private Lender. How do I connect with borrowers on BP?

I'm a Private Lender. How do I connect with borrowers on BP?

Most Popular Reply

9 Replies