new to private lending in southern california

[Scott Winnie]

Hey fellow BP'ers,

My business partner and I are looking to become a private lender to flippers and investors in Los Angeles and Orange County. I wanted to take a small poll on what rates private money lenders are using for their clients. I know it is a much more profitable way to go, as the private lenders do not charge as many points as a HML, if any and maybe the closing costs are a little cheaper. We want to be fair and also bring value to the deals, and be able to form long term relationships with flippers and investors. We are also realtors and we know how to analyze deals but would be hands off on most or all of the projects! Thank you for any feedback!!