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 5 years ago,

User Stats

4
Posts
1
Votes
Matt Pele
1
Votes |
4
Posts

Looking for Private Investors and High net worth Individuals

Matt Pele
Posted

I work with 2 partners and we're trying to branch out and expand our network of investors and lenders. One of my partners is a contractual lawyer by trade. He's been performing due diligence on debt and equity financing requests for clients for ten years. He recently left a Ultra High Net Worth Serial Entrepreneur within the Seattle area who he took from roughly 175 million net worth to 400 million net worth in his 3 1/2 years of employment. He maintains this network of borrowers. He has worked on financings ranging from commercial real estate, tech startups, Hollywood productions, delivering private aircrafts to international airports, and many things in between. He prides himself on thinking of the worse-case scenario of any potential deal and how to protect an investor against that scenario. Businesses reach out to him on a weekly basis with highly lucrative high return hard money loan requests. The issue we are consistently facing is most of these deals are hard money requests using assets, collateral, and often personal/corporate guarantees by the borrower which are negotiated into the terms. So although they don't meet most underwriting requirements from direct lenders, nonetheless these requests are vetted by an expert who knows how to protect the lender, most requests are collateralized  by assets 2x the size of the request or bigger. Typical requests range from 1-2 million (but he gets a wide spectrum as well,) 6-12 month terms, and 15-20% interest. I would say 50% of the requests are real estate. Any advice as to how to connect to the right Private Investors or High net worth individuals that might be interested in these type of requests?

Loading replies...