New Private Money Lender Seeking to Fund Small Deals

[Stanley Yeldell]

Hi everyone,

I’m a new private money lender (PML) looking to get involved in real estate deals. I have available capital and am interested in funding smaller, long-term investments, particularly for single-family homes and duplexes in rural or less competitive areas. My goal is to provide financing for down payments or bridge loans, especially in owner-financed situations.

I’m excited to connect with real estate investors looking for funding and learn more about the process of lending in this space. If you’re an investor or someone who has experience with private lending, I’d love to hear your thoughts or any advice you may have as I get started.

Looking forward to connecting!

[Jeff S.]

Save your money, @Stanley Yeldell. You will get hammered. Lending to those who can’t even afford a down payment, unsecured, or in second-position at best, is about as dangerous as it gets. Worse, is the demand for rural properties if you end up taking one over. As a second-position lender, however, this is unlikely, because your loan will probably be wiped out by the first.

This is not a way to get into the lending business, Stanley.  Save your money until you can make first-position loans, at sensible LTVs, to qualified borrowers whom you have met, secured by easily marketable properties that you have seen because they are local to you.  This is our process.