How to Vet a Private Lender

[Johanna R.]

Hi All,

I've been shopping around for portfolio loans to refinance some of my rental properties.

I was contacted by another BP member who has has private lenders who said he and his partners can help me refinance - his rates are a bit better than what Ive been finding.

It's easy enough on his end to look see my credentials via credit checks - how do you vet a lender to know if they're legitimate?

Thanks!