Private lending for 5 years
Is anyone doing Pml for a 5 year term? If you aren't why not?
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Mike Grudzien
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Mike Grudzien
#2 Creative Real Estate Financing Contributor
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#2 Creative Real Estate Financing Contributor
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- Eugene, OR
Private lenders are not permanent mortgage providers. 5 years is a long time.
Private lenders do 3 month, 6 month, maybe 1-2 years, rarely 3.
That is what the market is. We don't tie up funds for that long. Period.