All Forum Posts by: Darren Eady

Many lenders, like me, only lend to entities, like an LLC or self-directed IRA, on investment real estate. If you've already created an LLC for this purpose, you are already one step ahead of other investors!

Google private money or hard money and the area near the property and you will find a bunch!

Check out the video on www.secureprivatefunding.com for a typical sample of private lending.

You're question could be asking a couple of different things.  Maybe explain your situation with a little more detail?

For sure.  Happy to assist!

If you can qualify at a bank with the income, credit and time to qualify, then you should always choose that route.  If you don't have the income, credit or time to work with a bank, then you should look at private (family) money.  If not available, then approach a hard money lender like my company.

To give the really short answer, probably 12%, if it is an asset based loan (not looking at your credit or your income).  Most private lenders that offer a lower rate, make up the difference in fees and you still pay about 12%.  After lending over $200 million this way and selling those loans as mortgage notes, this is what I've found is the happy medium for borrower and investor.

I would make sure the litigation is cleared up before structuring an offer.  A lis pendis lien will probably stop the deal anyway.  Without knowing more about it, that would be my advice.

I've been investing in mortgage notes for years and love the simplicity and passive nature of owning performing mortgage notes.  You are welcome to see content I've already created with a flowchart, Q&A and due diligence process on the loans that make up the mortgage notes I'm involved with on the "Trust Deeds" tab of my site: www.secureprivatefunding.com.  This should answer MANY of your questions.

Jeff, I grew up in Laguna Beach and was just in Irvine two weeks ago.  Great place to live!