10/09/2018
Ultimate Guide to Funding
Part 1
Private money loans are nothing new; they are simply the transaction between people who have money and those they are loaning it to. Private money loans create a direct path from the lender to the borrower, eliminating all the hoops involved in conventional bank lending.
A private lender looks at the real estate (the asset being funded) and bases the acceptance of the loan on the merits of the deal. Then, the private money lender loans the real estate investor the capital required to purchase a property, and often, they also fund the rehab money needed to get the property market-ready.
When a real estate investor identifies a great deal in a good equity position, they bring it to TDPropertyConcepts.com. After putting the property under contract, the investor fills out an easy, one-page application from TDPropertyConcepts.com .
From there, TDPropertyConcepts.com reviews the application and contacts the real estate investor for additional information. TDPropertyConcepts.com researches, reviews and assembles all the due diligence items, which includes title insurance and a third-party appraisal.
The loan is closed, and the Borrower begins making monthly interest payments into the serving company who then pays the lender. Then, the borrower pays off the loan, and the lender and the borrower do it all over again. It is a constant cycle.
