The Case for Private Money Lending
June 4, 2018
Learn how private money lending can help you make more money.
Private money lending is a type of asset-based lending where an investor uses private capital to make a loan secured by the value of a “hard” asset, generally real estate. Typically, these types of lenders can move more quickly than banks and charge higher rates.
These real estate investors often have more good investment opportunities than cash and need a quick response and a quick loan approval to “lock” up a good deal. These individuals are typically entrepreneurs with a strong track record. To these borrowers, immediate access to capital is worth the higher interest rates charged by private money lenders since the borrower often intends to improve the property and then sell it for a profit.
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