Private business lenders of the same breed as "hard money" lenders.

searcher profile

August 30, 2022

by a searcher from Brigham Young University in Kahului, HI, USA

Looking for private business lenders with a similar mentality to private real estate lenders ("hard money").
Fast close, short term, high interest rate, interest only, balloon payment, etc.

NOT looking for traditional ABL, MCA, factoring, SBA, real estate, etc.

Do these types exist in a consistent structure or this strictly relegated to friends and family?

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commentor profile
Reply by a searcher
from Central State University in Atlanta, GA, USA
Private Lenders and Hard money lenders are different. HM "lenders" are generally brokers. They find private lenders and "sell" the money to you at a higher interest rate. They make money on the spread.

Private lenders are just that, private individuals lending/investing money.

Bottom line, going direct to private lenders eliminates the hard money brokers and their high interest rates.

Private lenders COULD be accredited investors or non accredited investors.

You can go to www.InvestorLeads.com and ask Andy for a list of (1500, 3000, etc....) Accredited Investors in your state (or any state).
commentor profile
Reply by a lender
from Fordham University in Fort Myers, FL, USA
Send me an email redacted and I will reply with information relevant to your inquiry.
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