Private lenders

7 Replies

does anyone know a good private lender, that offers a good and competitive interest rate ? I have a few deals that I need to find and I would gladly appreciate anyone who can help me with this. Thanks Jason 

@j Scott thanks a lot. I don't have much experience but I do have some; I've been doing wholesaling for sometime but no success doing that. What's a good interest rate in today's market? 

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Originally posted by @Jason Henry :

@j Scott thanks a lot. I don't have much experience but I do have some; I've been doing wholesaling for sometime but no success doing that. What's a good interest rate in today's market? 

Banks will typically lend in the 4-7% range. Private lenders will typically lend in the 8-12% range. And HML will typically lend in the 13-18% range (with 1-5 points).

ok thanks a lot @J Scott I appreciate you sharing some of your knowledge with me. 

@deangelo wade I'll definately check it out thanks but do you know their interest rate ? And have you work with them before ? If so what was your experience ?

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