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Clay Smith
  • Property Manager
  • Louisville, KY
240
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415
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Looking for Long Term Private Money lender (10%, 1k)

Clay Smith
  • Property Manager
  • Louisville, KY
Posted May 22 2014, 12:46

I am willing to pay a pretty standard 10% annual, 1k fee to a private money lender.

I have worked with private money lenders in the past. I am currently paying 12% with 1k fee per loan. I am seeking a slightly better deal.

My ideal lender would have a Line of Credit (HELOC or Mutual Fund), 401k loan, Self Directed IRA, or 50k - 100k lending capabilities; and interested in doing repeat business.

I am a seasoned investor; I purchase properties all cash, renovate, and then flip (2-5 months) or finance them out (1-3 months) myself using a portfolio lender. I have referrals, good credit, steady employment, and can meet the requirements for any conventional loan.

I have two homes under contract now and could offer returns quickly. Do not be hesitant to reach out to me; we can start with a phone call to answer any questions.