Funding Sources - What Did I Miss?

[Wendell De Guzman]

I am putting together an event where I am putting in one room different types of funders or funding sources for real estate investors. Below are the ones who confirmed they are coming to this event:

1.  Rehab lender - you need a rehab lender to buy-n-fix a house that needs a lot of work or repairs. Conventional lenders usually do not lend money on a fixer upper or a house that is not habitable (an exception is 203k loan). Most rehab lenders charge 12-18% interest and 2-8 points. The rehab lender I've invited charges only 9% if you have some rehab experience!

2. Conventional mortgage lender - you need conventional lenders for your buy-n-holds. Their low interest rate is perfect if you want cashflow. The conventional lender I've invited is also familiar with 203K loan and loans for "house hacking" where your downpayment is only 3.5% or even 0% (if you're a veteran - you can get a VA loan with 0% down!).

3. Private lender - sometimes there are deals you need to get in a few days and having a private lender who knows and trust you is crucial in funding and therefore you closing on deals in a few days. Private lenders are also good sources of capital that you can use in bidding at auctions.

4. Business line of credit lender - if you have a 720 credit score, you can put up an LLC and get a business line of credit up to $150,000. The nice thing about BLOC is that you don't need experience - just good credit and a legal entity.

5. Conventional lender for Apartments/ commercial properties - the typical mortgage lender only lends money for houses up to 4 units. Beyond that, you need a commercial lender. Commercial lenders usually lend money on apartments that are performing and does not need much repairs.

6. Non profit lender for Affordable Housing - this is a very specialized type of lender that can lend you money for apartment buildings that Lender #6 can't lend on. I have a non profit lender that lends money at 5% interest on apartment buildings suitable for affordable housing and they even lend money on buildings that need repairs or work.

What other funding sources that I missed?

Any specific person/lender I can contact will be excellent!

Thanks in advance for your help.