PRIVATE MONEY FUNDING

IDEAL USES OF PRIVATE MONEY

Private money is often used by wholesalers, businesses and other types of investors and individuals. They find it easier to go through a private money lender rather than going through the complicating qualifications of going through a bank. The money may be used to fund real estate deals like purchasing property, or other different business ventures. In reality, anyone can use private money as long as they qualify under the terms that particular lender requires. All lenders have their own set of qualifications in place, in order to use their money.

Below is a list of different private money lending term options. If you have a project you are seeking private money lending for, and would like to check if you qualify for any of the options below, please fill out the inquiry link below and submit. This information will analyze all available terms and will identify your best option for the pre-approval process that would best fit your needs.

BENEFITS OF HAVING A PRIVATE MONEY LOAN

QUICK APPROVAL

AND FUNDING

The good deals won’t wait for the buyers to get the funds. As opposed to traditional resources, the private loans get approved in a meeting and funded in a couple of days or hours. This way the deal less likely to be lost due to unavailability of the capital.

ADJUSTABLE TERMS

& CONDITIONS

The terms and conditions of private loans are not as strict as conventional loans as they are decided and finalized during a one-to-one meeting between a private money lender and the buyer. Loan conditions are according to buyer needs and the type of real estate project.

NO EMPLOYMENT VERIFICATION NEEDED

The private money lenders require the numbers to make sense on the deal, and the loan is secured by property collateral. This leads the lenders to have no interest in the buyer’s income, outside of the real estate deal.