First Time Private Funding for Newbees

[Kimberly A Hall]

Where do newbies have the best luck cutting teeth with private lenders? I have a great deal, great credit, 80% cash down, and would like to shop options. I have one lender, but would like to shop for comparison. It will be a fix and hold rental. $70 purchase price; need a 56k loan for 6 months until conventional loan comes through. Renovated value estimated to be $95-$110.  If the contract is signed this Monday, 15 day inspection, closing in 20 (November 28th) Inspectors are lined up for next week. 

Several of the lenders listed in the “network” section seem to lend only to LLCs or other entities, not individuals, is this largely the case? I stopped looking after 3.

Best 

Kim