Zero Or Low-Point Hard Or Private Money Lender

[David Oldenburg]

I have this dilemma. I am very experienced in flipping and wholetailing and I want to do more loaning of my capital to other flippers in my area (something I have done many times).  The main reason I don't loan my own capital is the fear of not having capital when that great deal comes along! 

I am trying to find a private or hard money lender who will extend a very short-term loan with low points, like maybe 1 point for a 30 day or less loan at say 10% to 12% interest. I already have friends who know me and will do 10% and 2 points. Yes, I realize lenders make their money short-term on points, as I also loan my own capital. I am open to LTV's etc... In other words, I am not asking for 100% financing and the properties that I buy are way under market. The last deal I closed and made $50K in 2 weeks, was purchased cash by me for $140K under ARV.

Feel free to reach out here or private message me. I am not looking for a traditional HML who has lots of guidelines and takes 10 days to do a deal. I am talking about someone who knows what they are doing and can fund in a few days, the way I do when I loan my own money.

[Howard Nicholson]

David, I saw your lender request and wanted to congratulate you on reaching a success level many of us aspire to.  I’m doing my first fix and flip now - full time - and working toward the time when specialized lending is more the rule than the exception.  Continued success! Howard Nicholson 704-609-0053