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Updated almost 12 years ago, 12/16/2012
Private money ads on Craigslist Financial Svcs
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?