Are you interested in being a Hard Money/Private Party Lender? Excellent returns, good LTV, experienced borrowers
Are you or have you considered private party/hard money lending?
We have been working with hard money lenders since 2002. We qualify the borrower and the project, meet with our lenders and make sure that the project is a match. Our lenders make an average of 10 to 14% per loan. Loans terms are usually from 3 to 6 months and vary on loan amount. Hard money loans are often used for rehab, construction. or short term financing. All hard money loans are on non-owner occupied, investment property, construction, commercial or development property.
Our office completes a full package to be presented to the private lender. If you like the idea of a high return and working closely with someone that makes your interests a priority, contact us today.
Do you consolidate funds from multiple lenders and then loan out those funds? Or do you match individual lenders to individual borrowers?
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CPA Colorado (#23225)
- Clue Business Services, Inc.
- Podcast Guest on Show #244
Do lenders get points as well?
Linda, both. It depends on the interest of the lender. I work very hard to find the right fit for the borrower and lender. If an investor is interested in starting with a smaller amount or lending a percentage of the loan amount, I will work with multiple lenders to fulfill the needs of the borrower. If the lender wants to be the sole lender then I work hard to find the perfect fit.
All borrowers are required to complete a full package regarding the project, borrower, scenario, etc. My job is to confirm the information, package the project and present it to the lenders. I first make sure that they fit into our lending criteria (ltv, income, experience, etc). I also work with lenders to find out what their additional criteria is. There are several reasons that borrowers choose to use private money. There are also different levels of risk, which impacts the cost of the loan, the interest rate and the ability to do the loan. Top priority is the protection of our lenders and building a long term relationship that benefits all parties. Please let me know if I have answered your questions or if you need additional information. I'm happy to help.