Need pml/hml that will defer interest payments

[Deadrick Colbert]

Looking for pml/hml that will defer interest payments until house is sold or term of loan.

[Mark Kumm]

Dadlani, i see that you are very actively posting on this site, i see you on everyones posts for financing. Personaly i don't think anyone could be a succesfull flipper if they lent money from you, you would be eating most of the profits, especially in my market. I dont see why your money is worth so much more than any other hard money lender, that lends at 4points up front and 14% interest only payments, with no pre-payment penalties. The example that you have on your site shows a purchase price of $90,000, and you charge a flat fee of 20%, or points, which would be $18,000. Compared to a very common hard money loan which would charge 4%, or points up front equaling $3,600, then your 14% monthly interest only payments would be $1,050, figuring 3month carrying would cost $3,050. All in all adding up to $6,650 in fee's! Im not an accountant or anything but you would have to be completely out of your mind to pay three times in financing for a property! Im sure you can find a couple newbies to fall for it, but i hope they will read this post first!!!!