I think the difference is that Jonathon is doing land deals all the time still & that really shows in what he brings to the table.

What about the thousands of family members and private money lenders who are under the table?

MLS has it as a single family residence, 3 bedroom, 1.5 baths (actually has 2.5 baths), approx 1500+ sqft, 9k+ lot size, 2 car garage, back yard. 

Yeah the price is around 12k-15k for 7 people size.

With your background in computer science, math, and finance, you’re bringing some valuable tools to the table.

@Bonnie Griffin Kaake all of those will be on the table and be rigorously discussed as we chart our way forward. 

Most borrowers I speak to are just assuming that rates will drop off the table in a few months.

Apologize if these questions are vague, I am quite new to this.Happy to provide some of the data I have found thus far (though data online is scarce given the size of the town).Thanks!

Clients have access to our Portal where they can transparently see documents requested, and where the file is in the ProcessBlue Gate Capital Lending Parameters:Credit: 620+ Experience: All Levels, 1st Times, Beginner Ok Loan Sizes: $50,000 - $50,000,0000Fix & Flip: 90% Max Purchase Leverage, 100% Rehab Fund, Max 75%ARLTV - Rates Starting at 9.98% New Construction: 85% Max LTC, up to 75% Refi on Approved PlansDSCR Loans: As Low as .80DSCR, Leverage as High as 80% DSCR Rates: Starting at 6.98****           *** Base Rate, before pricing Adjustments: Experience, Credit, DSCR, Requested Leverage, Property TypePurchase / Refi AirBnb - Vacation Rental Investment Property - YES !

You and this private person you met hammer out the details of the loan at the kitchen table so to speak and you seal it with a handshake and your reputation that this Private Person already respects or whomever introduced has vouched for you.But if a man opens a lending company tomorrow with 50 Million of his own capital and he checks in on the HML market to see what it bears and he copies his products and UW guidelines and now is he PML or HML?