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Updated almost 8 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Jenna Harris
  • Investor
  • Fort Worth , TX
4
Votes |
7
Posts

PRIVATE MONEY Lender Vetting

Jenna Harris
  • Investor
  • Fort Worth , TX
Posted

Hey guys, I am in the process of setting up a private money fund. I have committed individuals ready to put funds into an account and have me act as fiduciary. However, I am not yet done with the legalities and final details. In the meantime, opportunities have arisen that need funding. I am in contact with several lenders through the grapevine. Three have pretty much knocked themselves off my radar because they hit too hard and it seemed WAY too easy BUT with fees UP-FRONT... yeah, fishy: Aquila Loans, Weston Curtis at Brownstone Global Lending, Mavis Adrew at Lendmark Financial Services. Anyone know these names or companies? I have quit contacting them at this point, but if anyone has BAD or GOOD experiences, I would so appreciate your help! Gracias :) 

Most Popular Reply

User Stats

1,730
Posts
1,511
Votes
Jason Hirko
  • Lender
  • San Antonio, TX
1,511
Votes |
1,730
Posts
Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Jenna Harris I think you are thinking clearly... never, ever give a 'lender' cash - that's what title companies do for you at closing...

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