Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

35
Posts
20
Votes
Arthur Lyons
  • Wholesaler
  • Philadelphia, PA
20
Votes |
35
Posts

Loan Service Companies?

Arthur Lyons
  • Wholesaler
  • Philadelphia, PA
Posted

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?

Loading replies...