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Posted about 6 years ago

Notes Under 6 Months Are Dangerous

Most private lenders actually don't want to loan to own. It is not good for business or the industry. It's also a huge headache of a business model for the lender. Lenders are in the business of lending and not owning properties. The right timeline for a borrower to take a short term note out is up to 12 months in most cases. 6 months or less is really tight timeline and most lenders won't offer a term that short.

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