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Updated about 8 years ago, 09/13/2016

User Stats

7
Posts
2
Votes
Kinyada Frazier
  • Newark, NJ
2
Votes |
7
Posts

Moolah List...Scrupulous Private Money Lenders?

Kinyada Frazier
  • Newark, NJ
Posted

Hello,

I posted my deal on Moolah List to find private money lenders. I have been bombarded with alot of offers from so called "Private Money Lenders" one of them imparticular is of Lin Bruce Levy Direct lender of 24 homes construction LLC. He is really interested in my deal and wants to offer me 6% interest rate no prepayment penalty 72% LTV and ( 3 points at which should be payed before closing). Should I be concerned, im afraid of being robbed of my money. I asked for attorney info and he had someone call me im not sure if it was a real attorney because I was busy driving when I recieved the call. Lin is showing alot of interest in my loan, he calls to check to see if I have submitted the info to get the ball rolling. What should I do? Other so called lenders with gmail business emails have been contacting me as well all want upfront money with a guarantee approval.

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