If you had a list of about 700 people in your area with a lot of money how would you market to them

@Blair Colsey If you get to the point where you scale and start doing several projects a year, odds are your hard money lender/private lender will not run your credit to approve every loan once you are established with them.

Depends on how much cash you have ready and how much credit or private money you have access to. 

That can work but you'll likely need to go further from the GTA.HELOCs however are great not only as a source for down payment or renovation but you can also privately lend for 2nd mortgages off of your HELOC.Lend out borrowed funds at 4.5% & receive returns of minimum 11% right there you can make 6.5% return on money that isn't really yours in the first place.

Only one was through a private lender.

Hello Forum,I need your guidance in understanding what is better option when it comes to financing the commercial properties (multifamily rental apartment bldg.) for around $400K between Hard Money Lenders and Private Money Lenders and conventional Lenders (Banks)?

You can private message me and I can check with our CFHA contact.

If you're looking at rough properties I would suggest finding a HML instead or a private lender. 

If that is too slow, can you find any private lenders?

They want a property that needs work, but not necessarily one with extensive damages.