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Updated almost 8 years ago on . Most recent reply
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Loan Service Companies?
I recently read a book about raising private money by Susan Lassiter called getting the money. In the book she talks about the importance of finding a loan servicer to handle the money doing transactions from your private money lenders. I am having a hard time finding such company. A company that would hold the funds, disperse interest payments, record a lien until paid, and allow the lender to tract the progress of their investment over a period of time. This gives the private money lender a sense of security and transparency and keeps funds out of my bank accounts. Does anyone know any companies that do this well?
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Note Servicing Center in Chowchilla, California is who I use. Ask for Paige or Christine.