How to find private money lenders?

[DJ Morse]

How do you find private money lender who I can borrow from and pay a preferred return for three years backed by equity? I have always borrowed from a bank using my money as the down payment. I have scaled to where I need a private money loan to help with part of the down payment and closing cost for a apartment complex with great NOI. Any private money lending or borrowing advice would be appreciated.

[Chris Seveney]

DJ Morse
Go to local REIA meetings and network. If it’s a good deal and you make connections you may find funding depending on the amount and terms. 3 years is a longer time period than many private lenders prefer. Expect to pay a few points and double digit interest rates.