Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago, 12/18/2021
Verification of private lender
Hi everyone, my name is Lamont. I'm a newbie. I response to a random email from a private lender with a Gmail account. After he reached out I response and asked with the next steps were. Here's his response to that. I would appreciate any and all feedback. Thanks in advance
Hello thank you for your response, I am a private lender my rate is 5%, My minimum amount is $5000 and maximum amount is $10m, I do all types of lending deals and your loan be funded to you same day of application and approval I am a legitimate private lender who specializes in providing all types of funding including mutual funds, personal loans, business loans, real estate loans, combination loans, consolidation, house, commercial loans and many more, I lend a 100% LTV.
Below is how we are going to go about getting you the loan!
1.Provide proof of address
2. Complete application
3. Accept terms
4. Provide valid ID card
5. Provide means of receiving funds
6.Sign loan document
7. (Closing) Transfer of funds
Thank you.
Before I send you the app I will like to know few info about this deal and you!!!
How much would you like to borrow?
How many months can you make repayment of the loan?
What is the purpose of this loan that you want to borrow?
What is your occupation and monthly income?
Do you have collateral to secure this loan that you want to borrow? If no collateral you can go with the unsecured options