Private money on very large deals

[Matthew Cretzman]

Ok so today's post that I put up about the Texas investor selling all of his 46 properties got some decent attention. 

BPers, y'all are AWESOME! Got some super helpful phone calls and messages from some of you. Thank you!

This deal has opened up my mind to see REI from a slightly bigger scale... I've used hard/private money before, but never have I even thought it possible to find a private lender who would loan a couple MILLION dollars on a portfolio of properties. Fascinating.

QUESTION ---> What is the largest hard money/private loan you've ever gotten to fund a deal?

Can be buy and hold, flip, etc. 

Has anyone ever used private money to acquire a property/properties in the millions??? And how was that deal structured? And what was your role?

[Bart H.]

Originally posted by @Matthew Cretzman:

Ok so today's post that I put up about the Texas investor selling all of his 46 properties got some decent attention. 

BPers, y'all are AWESOME! Got some super helpful phone calls and messages from some of you. Thank you!

This deal has opened up my mind to see REI from a slightly bigger scale... I've used hard/private money before, but never have I even thought it possible to find a private lender who would loan a couple MILLION dollars on a portfolio of properties. FascinatingQUESTION ---> What is the largest hard money/private loan you've ever gotten to fund a deal?

Can be buy and hold, flip, etc. 

Has anyone ever used private money to acquire a property/properties in the millions??? And how was that deal structured? And what was your role?

 I haven't, we have begun to talk to commercial bankers.  Havent pulled the trigger on anything.  But I think that might be where we go next, because the property qualifies instead of the person.  We also need to look a little more into possibly pulling out some of the equity we have tied up in our houses so that we can do some additional deals.