Don't know about Indiana, but we lend in Texas on commercial and investment property.We are a "true" hard money lender in the sense that we do not run a credit check or examine the buyer's financials.However, we have tightened our criteria in the last 3 years, by lowering our LTV maximum, requiring significant buyer capital contribution on purchase deals, and checking collateral's capacity to meet interest payments.

In commercial deals you are asking for proof of the buyer's capacity, which means a letter of credit, which is something the bank will charge a fee to provide, such could be an irrevocable, LOC that is basically a loan committment or a revocable LOC, which would have contingencies.

These folks are likely accredited investors with the capacity to invest in these opportunities.

Btw, just to give everyone an idea of the type of partners I've met on BP, here's a short list: I've found a partner and now good friend who I've worked with on probably 25 deals in different capacities (partnering, lending, listing, buying, staging, etc) I found a partner and now good friend that taught me how to build new construction and who I've started building spec homes with I found an out-of-state partner that I've done nearly 20 deals with I've purchased deals from 4 different BP members I've sold deals to at least 3 different BP membersI've borrowed money from 3 BP members I've loaned money to 2 BP members I've found two people who I've mentored I found a GC who has worked on about a dozen projects for me I found a partner that I'm hoping to start building spec homes with in the near futureI've found a partner (@Joshua Dorkin ) who has published two of my booksAnd that doesn't include the dozens of people I've met, keep in contact with, and will likely partner with in some capacity in the years to come (I hope!)...

As a seller of syndication interests, you do not want to act in an advisory capacity to anyone interested in investing in your deal.

Hi Thomas, You'll find investors in your area by searching deeds of trust filed, just look for individual names, private trusts, such as the "WIlly He Loanya Trust, dtd 3-15-98" or small entities that you know are not institutional lenders such as Loanya LLC.How to approach any lender is basically the same, you need to address capacity to repay the loan, credit and collateral offered.

I think social networking has its place, but good old fashioned face to face and people skills will never be replaced by a facebook page or a Twitter account.In fact, of my company's team of five people- I'm the only one online in really any capacity at all.

In my area, we are not seeing over-capacity (yet) and in fact are seeing near record demand.

Hi Dan,If you are already acting in the capacity of a bird dog on these particular deals, and your investors already think that, it might tick them off if you took it a step further and basically scooped them on the contract.

Is an issue of credibility and capacity to pay that you have to convey to the seller.