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Updated about 9 years ago,
Private lending upfront fees
Hi all.
I am a new private investor and am looking for info on how to set up the documentation processing my own loans. For example people are asking me if there are any upfront fees. I am currently on a website which doesn't allow investors to charge any upfront fees. So how do I start the paperwork process with an attorney ( who I must pay) without charging any processing fees? What happens if the borrower changes their mind? I would appreciate if anyone can guide me through the paperwork process of how this works or if there are any attorneys I can hire in the NYC area who can handle this process.
This is great site BTW thanks to all!