How to Raise Capital From Friends & Family to Safely Originate Private Money Loans Secured by Real Estate
Download the Private Money Handbook Lender Edition to learn more about:
01
Introduction to Private Money Loans
This chapter breaks down basic private money lending questions including: What is a private money loan? How does a private money loan differ from a hard money loan? Why would a borrower use a private money loan? How is a private money loan structured? How much does a private money loan cost? How does a private money lender evaluate a loan request? Why doesn’t everyone lend private money?
02
The Private Money Loan Life Cycle
This chapter breaks down the six steps of the private money loan life cycle including: apply, process, underwrite, fund, service and repay. Each step in the process has its own standard operating procedures and templates.
03
Private Money Loan Components
This chapter breaks down the basic private money loan components including: key elements, revenue streams, earning potential, the importance of requiring a down payment, a closing statement case study, negotiating loan terms and repair escrow holdbacks.
04
Private Money Loan Documents
This chapter breaks down the documents and legal instruments included in a private money loan including: the mortgage (or deed of trust), promissory note, escrow agreement, personal guarantee and the commercial loan agreement.
05
Private Money Loan Assignments
This chapter breaks down the documents and legal instruments included in a private money loan assignment to a capital investor including: the lending commitment letter, loan purchasing & servicing agreement, assignment of mortgage, assumption of loan & loan documents and the allonge to promissory note.
06
Finding Borrowers
This chapter breaks down the core strategies for marketing to find qualified borrowers leads including: REIA group networking events, REIA online groups, database marketing and social media marketing.
07
Raising Private Capital
This chapter breaks down the core strategies for raising private capital from friends and family including: personal networking, social media marketing, cold outreach and self-directed IRAs.
08
Setting Up a Private Money Lending Company
This chapter breaks down the systems needed to set up a private money lending company including: marketing strategy, operations strategy and accounting strategy.
09
Underwriting Guidelines
This chapter breaks down how to build basic underwriting requirements including: borrower, funding, loan cost, loan structure, title insurance, property insurance, after repair values, location and construction.
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A true private lending partnership.
Creating a private lending operation can be overwhelming and expensive. Skip years of trial and error by joining today and let your dedicated #LENDCOACH mentor you to a successful implementation of your lending operation much faster and more safely.
The #LENDFAM is a private group for new and aspiring private lenders across the country just like you who want to grow and scale private lending operations without investing in expensive overhead and infrastructure expenses.
Members like you can leverage our third party underwriting services, legal document prep & attorney title review, loan servicing & bookkeeping along with our marketing & operations tools to create a turnkey lending operation directly into your own brand.
When you join the #LENDFAM we will FUND YOUR FIRST DEAL*
The #LENDFAM is a private group for new and aspiring private lenders across the country just like you who want to grow and scale private lending operations without investing in expensive overhead and infrastructure expenses.
Members like you can leverage our third party underwriting services, legal document prep & attorney title review, loan servicing & bookkeeping along with our marketing & operations tools to create a turnkey lending operation directly into your own brand.
When you join the #LENDFAM we will FUND YOUR FIRST DEAL*
Terms and conditions apply. Schedule a consultation for more details.
