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Updated about 10 years ago,
SoCal Newbie Hard Money Lender needs advice please!
So I have my lender license app done. Thought I would have time to network to find a document solution, either real estate attorney or software or both, but a deal landed on my desk yesterday that I really want to do, but must be able to close in two weeks. It is only $300k so I gotta keep doc prep costs down. I have heard all the big players use LaserPro but I am not ready to make that license investment, which I have heard is expensive ($15k+?)
Is there a cheaper but widely recognized document prep solution? Or do you have an atty in SoCal that will do these fairly simple loans on reasonable fixed fee basis?
Backstory - real estate attorney and investor. Some of my investors like to go long for home runs returns with comensurate risk, but some want much safer deals, so I started this hard money lending business as an avenue to place this safer money.