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Updated 8 months ago,
Looking for a long term loan, private lender
Hello, I am looking for a private lender that is willing to take on long term loans. I am covered as far as my fix and flips/construction right now but they aren't willing to take on longer term loans currently. If you have an appetite for 30 year type loans and willing to accept rates at 7% currently. Please reach out. I would also be willing to have a contract that would pay pre-payment penalties for 10 percent for years 1-5 and then 5 percent for years 6-10. I am a broker but would prefer to pay a person rather than a corporation on my personal investing.