Private Lending
All About Private Lending
What is Private Money Lending?
Like other Peer-to-Peer platforms, Private Money Lending operates in a similar fashion. At its core, it is simply one peer or individual lending to another without the traditional red tape of institutional lending. This allows you to make the rules and keep the secure returns.
How long has Private Money Lending been around?
Decades as Government & Conventional Banking Regulations do not allow traditional mortgage financing for distressed property acquisition & renovation when intended for Real Estate Investment purposes, e.g House Flippers and BRRRR strategy investors. Because of this, there has been a void created in available financing for Real Estate Investors which has allowed Private Lenders the opportunity to fulfill that void and reap the benefits.
Why become a Private Money Lender?
For me it was rather simple; Private Money Lending checked off all of my wants and needs. Although it can be slow and tedious, it is extremely safe and low risk as my money is always secured by tangible local real estate in a recorded 1st lien position. My returns are distributed monthly, I can take a quick drive to check on my investment at any time and at the end of the loan term, I get 100% of my money back! Said another way, it’s amazing!