How do you vet private lenders?

[Robert Freeborn]

Hi BP.

How do you vet a new private lender?

I just had a “lender” email me. I’ll include that email in a moment. My first inclination was that it was complete spam and to delete it. But I know private lenders exist, and I’d love to get connect with one (I can see my inbox getting spammed already)

Here was the email:

“Hello, hope you received it well

We are private lending company we can get anyone funded.Funding Ranges from $50K - $5M with proof of clearing 10k annually to use for your own investment at 4% interest rate with no prepayment penalty

Duration ranges from 1 - 30Yrs loan terms,No minimum credit check and fast loan as 4 days. We will like to know if you currently have a deal that requires funding at the moment

Email me back let's proceed further

Regards

”

Normally I’d look up their website and license. But since they are a private lender they have no license, and this guy doesn’t have a website.

So, how would you go about verifying this lender, or any other private lender, is legit?