I used a private lender, BackFlip.

Quote from @Amanda Dobbs: Is there a place to find Private Investors as in one person?

Even after the split in early 2018, you continued to promote NB Private Capital deals (up until Dec 2020).It’s also misleading that you state “Once COVID hit the industry, we no longer represented student housing from any of our sponsors.”

When I am looking for a new investment property and am strapped for cash, I typically look off-market and try and find something that can a seller is looking to sell that needs minimal repairs to be rent ready and the purchase price is 80% of the ARV this way I can use private money to buy in cash, do the repairs needed then refinance on a DSCR loan and pay off the private money loan. 

Have you considered becoming a private lender? 

Have you leveraged lines of credit, private lenders, portfolio loans, or other creative financing options?

My name is Naomi Pinger and I am a private money lender.

Any lender, private or conventional, will have some hoops, maybe just not as many for private lenders...

You could structure a low down payment with interest-only payments for a set period, then refinance later.Master Lease with Option to Buy – Control the property now, generate cash flow by leasing it, then buy once it's stabilized.Sub-To or Wrap Mortgage – If there’s existing debt, you might be able to take over payments or structure a wraparound mortgage to benefit both parties.Hard Money or Private Lender for Reno Costs – If you secure a seller-financed deal, you can use private or hard money for the rehab without tying up your own capital.BRRRR Strategy with a Bridge Loan – If you can get the purchase price down, use a bridge loan for acquisition and rehab, then refinance with DSCR or conventional financing.Would love to hear more details to help structure something solid.

Since few lenders have the stomach to do this, it’s also been a great competitive advantage for our business.This horrifies almost every private lender I know.