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Private money lenders typically offer loans that are secured by a real estate asset. These loans are used to purchase a house, condo or multifamily building. Private money lenders can be anyone from a personal friend to an established private lending company and are therefore called "relationship-based" lenders.
There are some companies which pool private money to broker loans on real estate deals, but private lenders are really individuals with money to invest. They can be anyone who has savings and capital for investment. Some are already actively loaning on real estate, others are waiting for the opportunity. They may be: Doctors, lawyers, and CEOs.
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Private Real Estate Loan: Online Application Great Jones Capital is a private direct lender with the financial resources to fund loans up to $5 million when banks will not. Because we underwrite and fund our loans in-house, we can offer easy qualification standards compared to traditional lenders.
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