You can talk to the bank about a loan; however, my bet is they will want some form of contract and scope of work and will only pay him at set milestones.

Loan Origination Systems (LOS): What works best for mortgage and private lending?

You're going to lose your loan from what I understand.

Hey @Jaycee Greene, we typically get loans from smaller local banks.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

This means sizeable monthly payments, but if utilizing with Value Add you can pay off the loan without a pre payment penalty at any time.Hope this helps!

If someone has a 2.5% loan they ain’t gonna move get less house just to pay more in interest.

If we include investments in mortgage loans (trust deeds), real estate partnerships, REITs as well as direct property ownership, I’m at about 80%.  

I have experience in the flip, rental, space and can help with the loan, and the real estate broker piece.

I would consider asking a slightly higher interest rate than market, because you are offering financing for a buyer that may not qualify for a traditional loan.