The private lender interest rates are high.

As a commercial lender the rates are lower on cash flowing properties. 

I just funded 4 deals in that city and was there personally about 3 weeks ago..

However, it’s essential to consider the challenges of investing in Detroit, such as high crime rates and poverty, before deciding.

Please share companies with competitive rates.

These investors are typically large financial institutions looking for safe, predictable returns, such as pension funds, insurance companies, and banks.Key concepts to understand in economics and finance are risk and reward.

Just a warning, heloc rates are high right now, mine is at 10% but you could find a better deal for a short period realistically. 

I started with my own funds as proof of concept, then started to do some joint venture deals and take other peoples money, only after I used my own and my mothers.

This makes tracking and managing funds much easier and keeps everything organized.As for the type of account, it doesn’t necessarily have to be a business account.

Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.