Looking For DIRECT Private Money Lender

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Looking For DIRECT Private Money Lender

Brandon Croucier
Lender · Lake Havasu City, AZ · Member since 2024 · 700 posts · 285 votes

I have a deal for a client that was recently denied by a lender last minute up in the northwest.

The borrower's note is due month end and we are looking for a lender to Perform.

Looking for 1.25-1.3M Loan Amount.

Payoff is $950,000

Colatteral is $2,000,000 16 Unit + $330,000 Land Parcel, $2.33M

Asking for $1.3M, 12% 3 Points to the lender for 12 months, 55% LTV

Super Well collaterized, the borrower is an experienced developer/flipper with a net worth exceeding 5M.

The property is located just north of Portland.

We are needing to close by month end.

If you are going to try and co-broker this, do not bother, I have shopped this at nearly every local hard money firm.

If you have direct capital, feel free to PM me.

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  • Chris Watkins
    Lender · Eugene, OR · Member since 2021 · 245 posts · 154 votes
    1y
    Quote from @Brandon Croucier:

    I have a deal for a client that was recently denied by a lender last minute up in the northwest.

    The borrower's note is due month end and we are looking for a lender to Perform.

    Looking for 1.25-1.3M Loan Amount.

    Payoff is $950,000

    Colatteral is $2,000,000 16 Unit + $330,000 Land Parcel, $2.33M

    Asking for $1.3M, 12% 3 Points to the lender for 12 months, 55% LTV

    Super Well collaterized, the borrower is an experienced developer/flipper with a net worth exceeding 5M.

    The property is located just north of Portland.

    We are needing to close by month end.

    If you are going to try and co-broker this, do not bother, I have shopped this at nearly every local hard money firm.

    If you have direct capital, feel free to PM me.


     Have you talked with Zach Smith at Cetan Funds? Sounds like a deal he could do.

    0Reply
  • Brandon Croucier
    OP
    Lender · Lake Havasu City, AZ · Member since 2024 · 700 posts · 285 votes
    1y
    Quote from @Chris Watkins:
    Quote from @Brandon Croucier:

    I have a deal for a client that was recently denied by a lender last minute up in the northwest.

    The borrower's note is due month end and we are looking for a lender to Perform.

    Looking for 1.25-1.3M Loan Amount.

    Payoff is $950,000

    Colatteral is $2,000,000 16 Unit + $330,000 Land Parcel, $2.33M

    Asking for $1.3M, 12% 3 Points to the lender for 12 months, 55% LTV

    Super Well collaterized, the borrower is an experienced developer/flipper with a net worth exceeding 5M.

    The property is located just north of Portland.

    We are needing to close by month end.

    If you are going to try and co-broker this, do not bother, I have shopped this at nearly every local hard money firm.

    If you have direct capital, feel free to PM me.


     Have you talked with Zach Smith at Cetan Funds? Sounds like a deal he could do.


     Yes I have and they want to cut me out!

    0Reply
  • Chris Watkins
    Lender · Eugene, OR · Member since 2021 · 245 posts · 154 votes
    1y

    Ah, I've brokered with them and they were cool with adding my fee on top of theirs, but that may not fly with your client.

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    1y
    Quote from @Brandon Croucier:
    Quote from @Chris Watkins:
    Quote from @Brandon Croucier:

    I have a deal for a client that was recently denied by a lender last minute up in the northwest.

    The borrower's note is due month end and we are looking for a lender to Perform.

    Looking for 1.25-1.3M Loan Amount.

    Payoff is $950,000

    Colatteral is $2,000,000 16 Unit + $330,000 Land Parcel, $2.33M

    Asking for $1.3M, 12% 3 Points to the lender for 12 months, 55% LTV

    Super Well collaterized, the borrower is an experienced developer/flipper with a net worth exceeding 5M.

    The property is located just north of Portland.

    We are needing to close by month end.

    If you are going to try and co-broker this, do not bother, I have shopped this at nearly every local hard money firm.

    If you have direct capital, feel free to PM me.


     Have you talked with Zach Smith at Cetan Funds? Sounds like a deal he could do.


     Yes I have and they want to cut me out!


     Can't you just work out a broker fee agreement with your client and send the demand to escrow? 

    [email protected]818-269-7983
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  • Judah Zuckerman
    Member since 2025 · 56 posts · 4 votes
    1y

    HI Brandon,

    At Sterling Capital we specialize in Direct Lending, including

    • Small Balance Bridge Loans: $1–$10 million 80%LTC
    • This deal looks like it's in our wheelhouse 
    0Reply
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