The best I have found is private money with tough terms: 50% down, 5-7 year terms and am schedules, 9-12% interest.

I have one mortgage on a mobile home park, three mortgages on three sf homes through a local bank, two mortgages on two homes through a private lender, one mortgage on four units through a private lender, and one mortgage on 5 units in an LLC through a local bank.My credit score is over 800.

That's a 4.48% rate of interest, a private lender normally wants 8%+, with LTV of 70% or so.

Andres,It seems that you may be far better off looking for a private investor that wants to make 6-8% on money they currently have sitting in a lame CD or IRA making squat.

Shortt term private or hard money lending?

Banks aren’t lending and everyone is looking for private money loans to fund their investments and businesses.

Well, lots of people really do have lots of cash, so it may well have been a cash purchase.Could have been a private loan or a hard money lender.Could have been some sort of rehab financing such as the FHA 203k loan.

How do you find private lenders?

I called a client of mine and that same day I had them put it under contract, lined up the private loan and had it fund the same day and I collected my commission the same day as well.

I know I am blessed and I should be thankful for what I have....I am, but, I will NEVER be excited about the gov. using my above said money to be involved in private enterprise.