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Private lenders
are a great source of funding for many real estate transactions
these days. As an alternative to institutional or bank
financing, private lenders are able to work on a more personal
level. This characteristic of private lenders allows for less
rigid underwriting standards.
Private lenders
understand that good borrowers do not always fit the bank's
requirements. There are many reasons for this, including
credit issues, property issues and more.
Working with
private lenders is our specialty. We will discuss your
situation and look at the merits on a case by case basis.
The main goal
when working with private lenders is to offer a secure investment.
This is typically accomplished through a reasonable loan to value.
With enough equity in the subject property, we can often overcome
most other issues.
Our loan to
value guidelines on properties can range from the 30% range for land
to 60-65% on excellent properties in desirable locations. Most
often, our loan to value ratio is in the 50-60% range.
We work with may
private lenders, if you are in need of a private lender to finance
your real estate transaction, please email us your scenario or call
us directly. We can typically determine whether or not we can
help with a fifteen minute conversation.
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