Understand Your Own Needs and Purpose

Most of the Borrowers who come to us have already exhausted their list of conventional Lenders. Furthermore, many of the Projects that we see have already been in limbo for a Year or More, because of the lack of financing.

Take the Time to Understand the Difference Between a Private Lender and a Retail Lender

The differences are pretty substantial, and not in a bad way. But it is important to clearly understand that with a Private Lender, you cannot come into the deal thinking that simply because they are not a Bank, that you can dictate your own preferred terms. That is not the case.

Private Lenders are Not Desperate Lenders

To add on to the previous thought, Private Lenders do not have investors to answer to, and do not have "targets" to meet like most Retail Lending institutions have. This means that your deal is never motivated by these factors, so if you are perceived to be difficult to work with, they will simply decline the deal.

Follow the Process
One thing that you will discover is that Private Lender processes are very specific, and are not designed for the Borrower to alter. Ask questions and follow procedures, and you will achieve the expected results.

Private Lenders are More Expensive than Retail Lenders

This may be the case in many instances, but it certainly is not the case with our Affiliates. In fact, they do not charge application fees, due diligence fees, or fees to deliver you a Term Sheet. We have seen Borrowers spend upwards of $250,000 before they even received a Term Sheet, and even worse, they were still denied their loan after the due diligence was paid for, and completed.