Updated almost 5 years ago on . Most recent reply

Question for Hard Money Lending Biz Owners
I started a hard money lending business with a couple of partners in the Nebraska and Iowa marketplace using our own capital. Demand has been solid, and it has become apparent that we are going to have all of our money deployed before long (which is great). Our goal with the business is to grow it beyond lending our own funds, using either a warehouse lender or private money or both. I'd love to talk with someone who has scaled up like this about how you structured/collateralized your loans when using OPM.
It seems like it would be difficult to use private money long term with hard money loans, because it would be cumbersome and difficult to keep the money deployed constantly, running the risk of paying for capital without having it lent out.
Thanks in advance for any input.
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- Real Estate Consultant
- Summerlin, NV
- 64,983
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its a fun business you get to touch most all aspects of real estate.. good luck with it..
there are 12 states that require NMLS registration and state license for B 2 B loans or any loan on a 1 to 4 unit which of course is the majority of HML s these days.. so just make sure you know which states those are..
- Jay Hinrichs
- Podcast Guest on Show #222
