Private Money

Private capital is just what it sounds like… money from private sources. It is available for both residential and commercial needs.

Who’s a good candidate for private capital?

1. A person with low credit scores.
2. Individuals with no credit.
3. Someone who has defaulted on a real estate loan in the past.
4. People who need money for the short-term.
5. Those who need quick access to capital.
6. Individuals who do not have or do not want to provide full documentation.

What are the advantages of private capital loans?

1. Flexible underwriting with less documentation.
2. Speedy processing with less work for the borrower.
3. Large sums of money are available.
4. Loan terms that are negotiable.
5. Overcomes credit blemishes.

What are the disadvantages of private capital loans?

1. High interest rates.
2. High fees typically in the form of multiple points.
3. Equity based. Typical loan to value must be around 65% depending on the property type and financials.

Contact me to see if a private money loan is right for you!