- Видео 186
- Просмотров 125 165
Private Lender Link
США
Добавлен 15 апр 2017
Private Lender Link is the ultimate resource for real estate investors and brokers to find reputable private lending companies (AKA hard money lenders) throughout the United States. By using our platform, you’ll get easy access to direct lenders, and our assistance if you need it. The lenders on our platform offer various types of private loans - purchase, refinance, equity cash out, bridge, rehab fix & flip, DSCR long-term rental, CRE value add, ground-up construction, land development, mezzanine, preferred equity and others. You can browse lender profiles and contact them directly. To save yourself a lot of time and effort, use our Recommendations service. Provide details about your loan request by filling out a short questionnaire. One of our loan professionals will view your Loan Request and will invite a few select lenders to view it. The Lenders will reach out to you directly to further discuss your loan and provide quotes.
Private Lender Link, Inc. | CA DRE Broker Lic. 02057741
Private Lender Link, Inc. | CA DRE Broker Lic. 02057741
Top 5 National Private Lending Companies in Q2 2024
In this video, Rocky Butani provides a list of the top national private lending companies listed on Lender Link, with the highest loan volume for the 12 month term between June 2023 and May 2024. The Top 10 Lenders list has been given to us by Forecasa, a technology company that provides analytics and data intelligence in residential private lending, which is also known as hard money or bridge lending. The loans types include fix & flip, rehab to rent, ground-up construction, and also DSCR long-term rental loans.
Visit our website to see the top 10 private lending companies in each state: pllk.io/find. Do a search using one of three loan types: Private Money, Hard Money, Residential Bridge...
Visit our website to see the top 10 private lending companies in each state: pllk.io/find. Do a search using one of three loan types: Private Money, Hard Money, Residential Bridge...
Просмотров: 67
Видео
Private Lending Interest Rates Update Q2 2024
Просмотров 169Месяц назад
In this video, Rocky Butani provides an update on interest rates for private mortgage lending as of the end of the 1st quarter of 2024. While private lending is mostly for short-term bridge loans secured by residential investment properties, it also includes small balance commercial real estate lending. It’s also known as hard money lending. Many private lending companies also fund DSCR long-te...
Private Lender Link is Now Doing Business as LENDER LINK
Просмотров 1893 месяца назад
In this video, Rocky Butani announces that Private Lender Link, Inc. is now doing business as Lender Link. We got the registered trademark for “Lender Link” 100% approved by the U.S. Patent and Trademark Office in March 2024. The reason we are changing our company name from Private Lender Link to Lender Link is we are expanding beyond private lending. Soon our platform will list lenders that of...
Top 10 Hard Money Lenders in Each State
Просмотров 6653 месяца назад
In this video, Rocky Butani announces a partnership with Forecasa to provide a list of the top 10 private lending companies (aka hard money lenders) on a quarterly basis. Visit our website to search: pllk.io/find Select one of these 4 loans types to see the data: Private Money, Hard Money, Residential Bridge, Residential Long-Term Rental. You'll find the data under the lender listing cards. Pri...
Private Lending Industry Update 2024 Q1
Просмотров 4334 месяца назад
Private Lending Industry Update 2024 Q1
Dutch Interest vs Non-Dutch Interest for Rehab and Construction Loans (hard money)
Просмотров 2724 месяца назад
Dutch Interest vs Non-Dutch Interest for Rehab and Construction Loans (hard money)
Leverage Structures for Rehab and Construction Loans
Просмотров 2166 месяцев назад
Leverage Structures for Rehab and Construction Loans
Interest Rates Data for Private Lending - Bridge Loans and DSCR Rental Loans
Просмотров 1586 месяцев назад
Interest Rates Data for Private Lending - Bridge Loans and DSCR Rental Loans
Private Lending Industry Update 2023 Q4
Просмотров 2729 месяцев назад
Private Lending Industry Update 2023 Q4
Funded Deals: An Alternative Method to Find Private Lenders
Просмотров 52210 месяцев назад
Funded Deals: An Alternative Method to Find Private Lenders
Compliance Considerations for Private Lenders to Lend Nationally
Просмотров 236Год назад
Compliance Considerations for Private Lenders to Lend Nationally
Experience and Project Scope for 100% Financing Rehab Loan Program
Просмотров 122Год назад
Experience and Project Scope for 100% Financing Rehab Loan Program
Private Lending Interest Rate Update 2023 Q3
Просмотров 435Год назад
Private Lending Interest Rate Update 2023 Q3
How Private Lenders Approach Loan Documents
Просмотров 407Год назад
How Private Lenders Approach Loan Documents
Interest Reserves and Draw Process for 100% Financing Rehab Loan Program
Просмотров 250Год назад
Interest Reserves and Draw Process for 100% Financing Rehab Loan Program
Protecting and Enabling Brokers’ Success with Technology
Просмотров 103Год назад
Protecting and Enabling Brokers’ Success with Technology
Institutional Private Lending Terminology
Просмотров 400Год назад
Institutional Private Lending Terminology
The Economics of a Private Lending Correspondent Program
Просмотров 106Год назад
The Economics of a Private Lending Correspondent Program
Interest Rates for 100% Financing Rehab Loan Program
Просмотров 125Год назад
Interest Rates for 100% Financing Rehab Loan Program
RCN Capital Correspondent Program Overview
Просмотров 222Год назад
RCN Capital Correspondent Program Overview
100% Financing Fix & Flip Program Overview | Rehab Financing Group
Просмотров 422Год назад
100% Financing Fix & Flip Program Overview | Rehab Financing Group
Borrowing from Individual Investors vs Private Lending Companies
Просмотров 445Год назад
Borrowing from Individual Investors vs Private Lending Companies
Bait and Switch: Unethical Practice in Private Lending
Просмотров 294Год назад
Bait and Switch: Unethical Practice in Private Lending
Private Lending Industry Update 2023 Q1
Просмотров 421Год назад
Private Lending Industry Update 2023 Q1
Credit Score Requirements for Private Lending (aka Hard Money)
Просмотров 355Год назад
Credit Score Requirements for Private Lending (aka Hard Money)
Private Lending for Multifamily Properties in 2023
Просмотров 633Год назад
Private Lending for Multifamily Properties in 2023
Private Lending for Rural Investment Properties
Просмотров 226Год назад
Private Lending for Rural Investment Properties
DSCR Long-Term Rental Lending Update 2022 Q4
Просмотров 451Год назад
DSCR Long-Term Rental Lending Update 2022 Q4
Private Lending Interest Rates Update 2022 Q4
Просмотров 473Год назад
Private Lending Interest Rates Update 2022 Q4
Private Lending Industry Update 2022 Q4
Просмотров 189Год назад
Private Lending Industry Update 2022 Q4
What about ROC 360 / ROC Capital? They are killing it with rental loans right now. Blowing RCN out of the water when it comes to rates.
ROC Capital was #3 on the top 10 national lenders list as of June 2024. We didn't mention them because they are not currently one of our customers. Visit this page to see the other lenders on the national top 10 list: privatelenderlink.com/hard-money-loans/
Without a doubt, within 10 minutes of consuming your content, I believe you have some of the most insightful and well explained information out there.
Wow, thank you for the kind words! Glad you found the content to be insightful.
How can you be taken seriously when you’re a clumsy oaf struggling to read from a teleprompter?
When private money lenders in California need to foreclose, are they taking a loss? or if they only lend out 70% LTV, they at least have some equity correct ?
They don't always take a monetary loss. If the property sells at the foreclosure auction, the lender will be made whole with all of the principal balance plus default interest, legal fees, etc. They don't make a profit with an auction sale. The true loss is the time and hassle. If the property does not sell at auction and the lender has to own the property, the idea is they will have some equity so that they can sell the property on their own without taking a loss. This is the reason that private lending leverage is so conservative with the maximum LTV of 70%.
Where can I find the website?
totallendersolutions.com/
Great video Thanks!
Thank you for sharing!
No matter what you call yourself. Your content is still garbage. Boasting about shorting your name only proves that you’re a buffoon.
Communist, California..
So you cant counter bid?
Correct
Great video
Thank you! Glad you enjoyed it.
💜💜💜
Great information 😊
Glad it was helpful!
Looking a like a clumsy oaf reading from a teleprompter.
I’ve been watching all of your videos regarding ground up construction loans as it is exactly the route I need to head with my Deisgn+Build firm starting from scratch. Thank you so much for how informative and transparent you are in each video. It is easy to understand and extraordinarily helpful for us looking to learn more about these processes.
Thank you for sharing this! Glad to hear you've found the content to be helpful.
I have a loan from a friend that is for 13,500 at 5% (monthly) so 60% APR. So been paying 675 a month and still haven't paid any principal down. I asked if we can renegotiate to a apr with a term so I could eventually pay off he said no. I cant afford much more than 675 a month, and dont want to keep paying that amount for rest of my life.
Is the loan secured by real estate you own? Our video is only about usury for mortgage loans, not personal unsecured loans.
@@PrivateLenderLinkit is unsecured
What if you was out of state for a lengthy period of time mortgage company knew & was aware they say they sent one notice i didn’t receive or see it
No idea. Consider talking to an attorney who specializes in Texas foreclosures.
Does pulling equity from a rental property that’s paid in full require a down payment for a DSCR loan?
No. A down payment is only for purchase loans. For a DSCR refinance or equity cash out, the maximum loan-to-value is 75% for most lenders at this time. It could be lower depending on the property's debt service coverage ratio and your credit score.
With his requirements you’re better off going to a traditional bank. Less fees same requirements. This is NOT true hard/private money
Banks don't offer fix and flip loans, and they don't consider properties that need to be renovated.
What if it's more than 25 percent in equity in the property. Do you still have to have a down payment
You always have to have a down payment. Lenders don't care if you're getting a good deal. For DSCR loans, the purchase price is the value.
What about Cash Advance Alternative to paying off Credit Cards debt Id only use Home Equity Loans to payoff my New Home then pay out the Intended Balance or bring over my Original Mortgage to payout the Final Amount
Don't understand the question
@@PrivateLenderLink ok different Question is Mortgage Transferrable say I buy a New House but don't wanna take out another Mortgage Also what's a Equity Loan how does it work
@@badassuchiha4875 No, mortgages are not transferrable. It's tough to explain equity loans on a comment thread. Do some searches on RUclips and I'm sure you'll find some videos with a good explanation.
Good information very wise.
We appreciate that.
Excellent Video.
Thank you!
So we just foreclose on a gentleman that owed us money,and went through the 45 day process... the trustee collected the fund's from qualified buyer. How long does the trustee have after the 45 days to give us our fund's?
We don't know of any set rules on when the funds need to be disbursed to you. Is the trustee not providing this information?
Hi Rocky could please advise how I can reach you regarding creating an LLC with experienced construction company.
I don't understand the question. You need help forming an LLC? If so, I can recommend Corporate Capital Inc.: www.corporatecapitalinc.com/ Ask for Brent Carlson.
What if the borrower is doing a purchase price and Rehab loan?
Not sure what your question is. Are you asking about the terminology? If so, this is covered in the video. If not, are you asking what the typical leverage is for most lenders?
So i can default, then buy my house back at a reduced price at auction?
No. Auctions require buyers to pay the entire purchase amount with a cashiers check. No lender will finance an auction purchase.
Darn, I guess I'll keep my job & pay my mortgage
@@PrivateLenderLink So, the eligible bidders (tenant/prospective owner occupant) are expected to buy the property with cash? Can they use hard money or other options and later refinance with a traditional lender?
@@grcdeepak1 We don't know of any hard money lenders that can finance an auction purchase for an owner-occupied home.
@@PrivateLenderLink Thanks for your reply. SB 1079 does'nt really help the average renter or home buyer !
Hi how can I get the 20% down for the DSCR Loan?
You need to have your own cash. It's not possible to get gap funding for a DSCR loan. You would have zero equity in the deal. Also, DSCR loans require a 680+ FICO score.
Hi there question do you offer hard money for fix and flips ?
That’s bs
That’s bs there no such thing 100 financing hard money
By 100% it just means you don't come up with any down payment on the house. you need to have cash to pay for points and closings cost when the loan funds. Plus you need to show the lender that you have cash reserves.
Great information
being your own general contractor is key too. You are essentially paying yourself to do the work. You take that money and pay your monthly interest payment.
Good idea, but I'm not sure if lenders would reimburse for that expense. Perhaps some lenders would be fine with that.
Is there a possibility to learn the process what to look for when buying a property from a trustee sales at court house step to be able to sell it back to the market? Not the physical due diligence of property but other things what to look for liens position of mortgage who is foreclosing. Can you provide a contact who can teach the basics things where to look for fir safe purchase I don’t mind paying
Perhaps BiggerPockets or PropertyRadar has some information about this.
@@PrivateLenderLinkappreciated
I wonder if information on how many bidders can be obtained from trustees.
I don't think there is a limit on the number of bids received
Just what I was looking for
Glad to hear that!
@@PrivateLenderLink Sir i am from India and want to know about the rules and regulations are there to setup a private credit fund. Will you please guide little bit ? 😊
Is this even real?
Yes, but the catch is you need to have cash to pay for points and closings cost when the loan funds. Plus you need to show the lender that you have cash reserves. Most lenders will require you to pay for the first phase of the rehab out-of-pocket, then you'd get reimbursed upon inspection. 100% financing is only offered in select areas by local lenders. One lender that offers 100% fix & flip loans in 30+ states requires income verification and tax returns, plus they require a 650+ FICO score.
We are very interested in hard money lending for ground up construction
"Promo SM" 😥
Great video. Very informative. I am a mortgage broker, and this definitely helped simplify.
Glad you found it to be helpful!
I'm looking to find a 3.5 million dollar deal but I'm not sure where to go
Visit our website to browse lenders that offer bridge loans. You can reach out to them directly or click the CREATE A LOAN REQUEST button to enter your deal info so we can provide recommendations. privatelenderlink.com/search/ Note that the maximum LTV is 70% for most lenders. If purchasing a property, you typically need a 30% cash down payment. For a refinance, the maximum is 65% for most lenders.
@@PrivateLenderLink will do !!! Thank you very much!!!
Great info, Mr. Butani. I want to clarify is this an ad for his law firm? I am interested in using his services, but do not see his brand other than lightning docks. Is that his company?
Thanks for asking I forgot to put a link in the description. Lightning Docs is a subsidiary of Geraci LLP. Visit this link to contact him: geracilawfirm.com/attorney-members/nema-daghbandan-esq/
When you dig deep into their loan requirement you will find out it's not what it sounds. Basically they want yo put down at least 40% down by paying for the rehab from your own pocket, and then ask them to reimburse you. At lease that what I was told by one of their reps.
Almost all lenders require the borrower to front the cost of the first phase of the rehab out-of-pocket and get reimbursed after an inspection.
Any Lenders for DSCR in Puerto Rico?
No, we don't know any private lenders for Puerto Rico.
This video really helped me. I had a question you mentioned in the video that the cap in California is 10% on hard money lending if the loanstarted at 14% and then. It went up to 30% because of a default meaning it. Is that part of the user law in california thank you
Glad to hear it was helpful. The cap is 10% only if the loan was NOT brokered/arranged or funded by a licensed lender. Otherwise there is no cap. Charging default interest is very common in private lending.
HI Rocky! I live in California and starting to lend private money. I have my DFPI license and work as a mortgage loan officer already for the last 8 years. Does this make me exempt form Usury laws? Do i have to pay myself origination in a transaction to be exempt? I DO NOT have my DRE brokers license but would consider getting it so I can keep clear of Usury laws. Thank you so much!
Hi Jeremy, funding a loan under your CFL (California Finance Lender) license would make you exempt from usury. The exemption applies to both DRE (California Department of Real Estate) and DFPI (Department of Financial Protection and Innovation) licensees.
Rocky - if the lender is from California - but property is in NJ - should the Usury laws be applicable to NJ Where the property is located, not where the lender is located? i Have a client whose loan has matured, is in the process of being paid off - but is getting hit with an annual 45% default rate - i just read the note and mortgage from the original purchase closing - and all the Docs say laws of California - though its a NJ Property that is financed and it closed with a NJ Settlement office - Thanks
Usury law is applicable to where the property is located.
Thanks for the info. Are the originaltion fee charged upfront or at closing? The private lender is trying to charge me originaltion fee upfront. Thanks in advance.
Always at closing. Charging an origination fee upfront before closing is likely a scam. Some lenders charge a deposit when you sign the term sheet, which is different.
Can you qualify for a DSCR if you're purchasing with an LLC?
Yes, DSCR loans are only for LLCs and Corporations. We don't know any lenders that offer DSCR loans to individuals (versus entities).
@@PrivateLenderLink yes they do
There are flaws in this bill; where the lousy tenant buyer teamed up with nonprofit and acquired the property, nonprofit owns the land the house sits on, the tenant owns the house but, neither party have funds to upkeep the property (even with the 5-year property tax exemption), the property is run down quickly and greatly devalued the property and quality of life of the established neighborhood.
Yes, there are definitely flaws with SB1079. Not sure how the situation you described gets resolved. However, the bill was amended in January. AB-1837 was passed mainly to address fraudulent eligible bidders.