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Updated about 9 years ago on . Most recent reply
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Looking for RE attorney experienced in HM/Private lending
Greetings BP members!
I am looking for recommendations for a RE attorney in Washington State that is experienced in supporting Private Money Lending. No OPM involved and 1st lein position taken. Any suggestions would be greatly apprecaited!
I would also appreciate help with understanding what specifically can be expected from a good title agent and the name of a good one in the Seattle area.
Much Thanks!
Chuck
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Hi Bob:
Thanks for the recommendation.
All of the loans I will be doing will be 1st lien position at up to 75% LTV (purchase price) for commercial investments that has no DF oversight requirements. No funding will be provided for rehab and I will only be using my own money.
I have found a few examples for the promissory note, deed of trust and the lender/escrow instructions that seem like they will work for me with minor modifications.
At this point I am not sure why I would even require an attorney and would greatly appreciate your thoughts on why I might still need one at all for the deal structure identified. Further Elaboration on what circumstances would benefit from an attorney with SEC experience would also be helpful.
Thanks again for sharing your great, real-world insights!