How to Screen/Work with Private Lenders

[Christopher Lawrence]

Hello BP Family, I've been meeting a lot of great people in this industry. I recently met a couple of private lenders that offer 4% & 5% rates with a six-month deferred payment plan with no pre-payment penalties. I've never done a deal with a private lender involved and I wanted to know how do you verify their authenticity? We have been talking for months now and he is willing to lend 100% of the funds needed for my deals. Of course, there are fees involved in processing the loan but he is not willing to complete the deal through a Title Company or my Attorney. This is what I suggested to ensure a smooth and secure transaction for all parties. Sounds like fraud to me but I'm not sure how the private lender sector works. Any info regarding this would be of great help. Thanks in advance.