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Updated 12 months ago on . Most recent reply

User Stats

82
Posts
35
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Paul Meyer
  • Contractor
  • Virginia Beach, VA
35
Votes |
82
Posts

Seeking small private lender for home to be 1st lien holder 50% LTV for $150-200k

Paul Meyer
  • Contractor
  • Virginia Beach, VA
Posted

Looking a personal lender to be first lien holder on my mountain STR. Rural/stickbuilt completely renovated in 2024. Long-term permitted STR. Seeking a private loan of 150-200k at 5% for 360 months. Already denied by conventional lenders due to it being rural (tried multiple types of lenders). Seeking more direct loan of someone interested earning extra income on cash sitting in bank at only .05-2%. Great asset and low LTV. If interested msg me for information and pictures of property. Located near Roanoke, VA. Thanks.

Most Popular Reply

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1,688
Posts
2,181
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Jeff S.#5 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Los Angeles, CA
2,181
Votes |
1,688
Posts
Jeff S.#5 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Los Angeles, CA
Replied

“But your not thinking of normal inactive people sitting on money that would like to be a real estate investor. … To the non predatory beginning lender this is for those people.”

At first, I thought you were just unaware of currently available interest rates, @Paul Meyer. But you’re all but saying you’re trying to take advantage of others who don’t know the value of their money.

So, who here is being predatory? (There’s your negative feedback.)

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