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Updated over 9 years ago,
Portfolio Loan...Thinking of going to someone private before closing with a HML
I am working with a lender to do a cash out on my free and clear properties, for the purpose of expanding my business and purchasing more. There are some contingencies in the current loan I am considering such as prepayment and reconfiguring some of my LLC (which is pretty standard as it is single member). I have a very strong level of cash flow, good properties and a strong background in real estate. Credit score isn't terrible, perfect payment history other than some old student loans. While I am considering some hard/private money institutions, I have not really explored if how someone who wants to place their money and make 7-9% secured may view it. I would be curious is there is anyone who either invests in securitized private real estate or has obtained financing like that themselves who's brain I can pick.
Thanks