All Forum Posts by: Chad Herring

Thank you both! 

Hello, 

I'm searching for an attorney that specializes in hard/private money lending. I reside in the Tampa, FL area, while the investor I'm interested in lending to works primarily in the Raleigh, NC area. The money is being loaned on the property and being used for construction.

Ideally, I'm looking to hire an attorney from a small firm (no more than three attorneys). 

Any help would be greatly appreciated. 

@Nicholas L., @Mike Klarman, @Jacob Sherman thank you all for the insights and help! 

@Nicholas L. I understand. Thank you for the clarification! If you had to create an intermediate category, what strategies would be included? 

@Nicholas L. ok, I appreciate the insight. I didn't realize the $2-3M in other investments requirement to be honest. 

@Kevin Polite thank you for describing your situation! I personally don't know the investor very well, but I have a close friend that has lent money to him on multiple occasions within the past six months, which gives me a little bit more confidence. 

@Jessie Dillon thank you very much! I figured asking would be the best strategy but definitely wanted to have some ranges like you mentioned prior to sounding completely ignorant.

@Crystal Smith thank you so much! This is the straight-forward, concise answer I was looking for. 

@Wayne Brooks thank you for the insight! I believe the buyer is using their own funds for the purchase and is using investor to raise the money for the renovations, but I could be wrong. If this is the case, should I still avoid? 

@Ronald Isgate I actually realized I didn't include location, so my apologies. It's slightly outside the Raleigh, NC area, but I reside in the Tampa, FL area. Not sure in this situation if my location is more applicable than the real estate location or not.