Be The Bank - Private Lending
There are two different types of private money partners you can look for: debt partners and equity partners. Both can help you raise all the money you need to fund your real estate deals, but they work very differently. In this article we’re going to take a look at both debt and equity partners. We’ll explore how they are different and why you would use each to fund your real estate deals.
Read MoreRequested Loan Amount - $118,000 (1st Deed of Trust) Note Rate to Lender- 14% Property Address – 1328 Rood Ave., Grand Junction, CO 81501 Property Type – Single Family Residence Purpose of Loan – New Construction (3/3 2136 sf) Construction Cost (this loan) - $100,000 ($50K in pre-loan) BPO Post-Construction Value - $249,900 Borrower Cash in Deal - $100,000 LTV – 47% - Monthly Pay - $1,377 (I/O) Term – 9 months Date of Funding – June 3, 2013 Exit Strategy – Sell