All Forum Posts by: Jeff Lawlor

Would love to connect with you, we love working with private money lenders who are looking for a solid return.

Are you looking to lend bridge loans or longer term debt? We may have some secured options on SFR flips in the $200K range! We are used to paying 12 points.

Thanks for the shout-out, @Jay Hinrichs.

Now that you advertised you have money to lend with no criteria, @Jeff Lawlor, you’ll hear from everyone and their brother, nationwide, looking to extract it from you. Most will be honest and well-meaning. Some, less so. There is a huge amount of bluster and fake-it-till-you-make-it out there. Those beating their chest claiming they are drowning in applications either have low criteria or are exaggerating. Go slow, be patient, and educate yourself first. @Rob K. gave you some great advice.

Look up the hard money lenders here on BP. Call them up and ask them for two things: 

1) To review their funds. Many of these lenders have private debt funds, which achieves your objective. Be wary, each fund has risks (some are "levered debt funds", some lend in second position or at higher LTV than you will like, some may lend in regions that make it difficult to foreclose, some may charge high fees or offer low returns).

2) To ask them if they have any notes for sale - Be warned, lenders may try to offload the loans that they don't want to keep on their balance sheets. You need to do your homework on each loan, property, and borrower. 

There's no free lunch, but becoming skilled at evaluating and purchasing notes or evaluating and investing in credit funds can be a great way to drive passive income. I personally have bought notes from two different HMLs on BP, and have had all interest paid, and all capital returned on loans that have reached maturity so far. 

Can you really do much with $125k HML? I mean everything I've seen or talked to we're doing at minimum in the $400-$600k ish range, but maybe I am talking to the wrong people. I've done a few, think lowest I lended was $300k, highest was like $770k.

Being a HML is incredibly complicated, and time consuming. I like the idea of the it, I love the yield and asset-backed nature but **** this is the hardest thing I've done in some time.

All we do is broker hard money nationwide. Feel free to reach out

I owned a hard money lending company for 10 years that we built from the ground up. There's many variables to consider regardless if you lend directly or find a broker to deploy your money. 

Which market to lend in, that states foreclosure and usury laws, do you have trustworthy boots on the ground there, and can you handle a default situation if and when it happens? 

1st rule of lending........ never lend on something you wouldn't want to own, because someday you may have too.

I'm happy to help more offline. Contact info is in my signature.

are you looking for short term loans that payoff every 6 to 12 months or longer term

that will determine which direction you may want to go in.

probably not enough to do much in CA to start unless you want junior position which is highly risky for you.

I just had one of mine pay off in 78 days :)  but it really spun the return dial..