@Virginia VanOeverenAs a private lender, it truly should be no different than traditional lender.

There are several reasons why you might like private lending when compared to traditional banking.We provide much faster approval, there are fewer bureaucratic hurdles in our process. 

The second one would be more traditional, but are pretty pricey on points and rate.Would be happy to connect and see if we could help!

You can find a traditional HML and combne that with a secondary lender (also called gap funding) for the remaining balance you need as the borrower.

Our 5 bedroom home would likley rent for ~$2k as a traditional long term rental, but we get $3750/month by renting by the room!

.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes. 

We own Mobile Home Parks and provide rent to own deals for those who cant get traditional bank funding. 

Maybe that wasn't the case here.The contract was not an assignment that was presented but a traditional contract, most likely they were doing a double close. 

This is NOT a Traditional LOAN ORIGINATION 

We all crave finding a deal, In today's market, that results with a lower interest rate than traditional lending.