I concur with @Joe Davis and do the same with my company, however I refer other loan types outside of Transactional Funding loans to others.

Quote from @Burke Atkerson: With over a decade of real estate investing experience and over 100 flips, I now provide private money & hard money loans.

These names frequently come up in investor circles because of their reliability.Speak Directly to Their Team: Legitimate lenders will have knowledgeable representatives willing to explain their loan products and processes in detail.

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.

They are pretty simple loans simple interest loans ,1- 10 years .

I'm not sure I can copy and paste my Excel spreadsheet, so i will approximate the numbers here.Strategy:Take a Home Equity Loan (second) on our primary @ 5%.Pay off existing HELOC (variable, at 7.5% now), use remainder ($120k) to buy the land (plus 30k of our own cash).

You would need to let them know you are 2nd lender and want to pay the loan off.

They have contacted me for a commercial loan.

They have contacted me for a commercial loan.

Are there other options that could be better for a construction to perm loan (not through a traditional bank)???