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Updated almost 12 years ago, 12/16/2012

User Stats

72
Posts
6
Votes
Brian Sorensen
  • Contractor
  • Indianola, WA
6
Votes |
72
Posts

Private money ads on Craigslist Financial Svcs

Brian Sorensen
  • Contractor
  • Indianola, WA
Posted

I noticed there are lots of ads on CL Financial Svcs like this;

Motel in Idaho
looking for $250,000
secured by 1st deed of trust
Value of property $500k to $650k

add in 6-12 months interest reserve to the $250k, if you wish
motel is operating and doing well
approximate gross income of $100k for 2012

Prefer asset based, private money lender

Questions welcome
• Location: NW
•it's NOT ok to contact this poster with services or other commercial interests

My understanding is that this type of ad is in direct violation of SEC soliciting guidelines since they are directed at anyone who happens by.

Can we do this too?

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