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Updated over 8 years ago on . Most recent reply
Flexible Private Lender - Loan to individual not entity in NJ
My team is looking to connect with Private Lenders who are flexible. We have numerous private lenders that will only loan to an entity. I understand their point that if they have to foreclose, it is easier etc.
My client (an individual, not an entity) has an approved short sale.
They will likely refinance out in 6 months to conventional
Hudson County New Jersey. 3-family house. Tremendous potential, sizable equity going in.
Appreciate any private lender referrals, that are FLEXIBLE and will MAKE DEALS HAPPEN
Most Popular Reply

it's my understanding that lending money to an individual vs. Entity leads you to a position where you can only charge so much in points and interest legally. usury laws apply differently to individuals versus corporations