once this Nigerian fella writes up your loan contract he will also send you the 4 million in inheritance money you got coming to you  through his Nigerian bank ! 

you can tell right off the bat the use of certain words are way to formal. its just another Nigerian prince scam

Almost sounds like the Nigerian prince scam to me?

I agree with your definition of private VS HML.. but these guys on facebook Linkdin BP  connected investors.. that offer 3 to 5% money with no or super low points.. short term rehab loans 100% LTV or whatever.. they just take what  ever they can get up front and go dark.. they are not real..its the Nigerian prince scam of real estate lending..

patch of land closes lots of loans.. so as long as the terms are to your liking I think your good.. caution private people hitting you on BP saying they are lenders... there are a huge amount of social scammers out there that have figured out that borrowers are the next ones to fall for the Nigerian prince scams..

He speaks Nigerian ;-)

The scammers depend on you to send them your money.Forget about anonymous emails promising sweepstakes wins or pleas from Nigerian princes looking to get millions out of their country.

Dannyprivate lending on linkden  facebook  BP is full of scammers.its the latest version of the Nigerian Prince scams.they offer terms that are below market to suck keep asking for morePrivate lenders are your friends and family .. anyone using open forum median is not a private lender they are holding themselves out as a lender and there for are HML .. and hard money is easy to determine rates.Just pop on.Lendinghomes website Lendingone in you areaLima One those are some of the bigger players and see what their rates are if this guy is hitting you with bank rates or below its a scam..

Nice post there was a thread on Do hard money actually been many of them. they will actually fund 100% but you need to pay them a 3k fee or there about up front with no guarantee of funding then its something like 650 per submission according to those who have tried it and posted on BP .. so many of the folks posting on the thread about the company paid the up front money 2 to 3k the 650 submission fees a few times and the deals were never good enough in the eyes of the funding company.. so there you go out 3 to 4k and time and effort.. some on top of it some  were naïve enough to put down non refundable EM with a wholesaler and lost that as well.its quite a model... little to no down side risk and prey on newbies who are the most vulnerable and want to get into the game and I suspect most of them even pull the 2 to 3k fee off of credit cards.So what do you have1. newbie  ( does not really know what a deal is yet2. limited capital but burning desire so they risk the 2 to 3k3. only a screaming deal gets funded as you stated.. newbies generally don't fall off the truck into screaming deals.then you have on the internet  what I call pump and dump due diligence scammers  these are flat out crooks of the Nigerian prince scam mode.. promise you 3% loan 100%  two e mails and your approved.. broken English just need 500.00 to move forward...

It's a cesspool of misinformation, filled with Nigerian benefactors who owe want to give you millions of dollars, and magic pills from China that will enhance your genitalia.