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Updated over 8 years ago,

User Stats

9
Posts
0
Votes
Angelo Webb
  • Specialist
  • Houston, TX
0
Votes |
9
Posts

Raising Money to lend

Angelo Webb
  • Specialist
  • Houston, TX
Posted

Is it legal to raise money then turn around and lend it? For instance If I know a investor who is looking for funds, backed by income producing property. Terms: 15%, 18 months, with balloon payment after 18 months. Could I get a group of people and raise the money pay the group 10% and pocket the 5%? 

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