Comparing Direct Lenders to Loan-Broker Hard Money Lenders

[Jeff Stevenson]

Greetings BP! I'm just getting started on my first fix+flip project, and had a rookie question to pose to the community: what are thoughts on Hard Money lenders who broker out their loans to third parties? I've been interviewing different lenders and have found several who do this, especially for first time investors like myself. Felt like a bit of a red flag to have the actual funds coming from an entity different than the folks who make the deal, offer the terms, interface with the client. But maybe this is somewhat standard practice?

Appreciate any thoughts/wisdom. Also certainly interested in connecting with flip-friendly HM lenders in New Mexico/Georgia/Tennessee if anyone has recos :)

Thank you!

Jeff