What is A Private Money Lender?
Updated: Aug 17
Private money lenders for real estate are investment businesses that specialize in investment property loans. The money comes directly from lenders who have the capital and know that real estate is a good investment. Private lending allows individuals, or groups of investors, to invest in people like you who are looking for rapid funding or a loan for an investment property.
Why Work with Private Lenders?
Private money lenders simply have a different metric for whether or not to lend you money. If you’re interested in rental property financing, but a bank has decided that you don’t need another property, a private money lender will look at the investment from a different angle.We simply look at the property, the work that needs to be done, and the potential return on the investment and if all the numbers make sense we will provide the funding to help you make it happen.
What Can You Fund with Private Money Loans?
Private money loans can be used to fund the investment property that has been discussed during our initial consultation . You can get rehab loans or rental property financing. You can get private money loans for just about any kind of investment property imaginable. If you are considering a property rehab project and need funding, Insource Funding can make it happen. We lend nationwide Except Illinois and Tennessee, up to 85% of the property purchase price and 100% of your anticipated rehab costs.
Give us a call today at 800.805.3391, or request a no-obligation quote.