Question by D N: I am looking to get financing for real estate, a private unsecured loan?
I have several real estate projects, that are home-runs (200%ROI) that I want to pursue. I am looking for approximately 700k. I would have the loans back by liens, and setup in a balloon structure with monthly payments made on a pre-determined interest rate. I can’t go through banks anymore for a small business loan. If any banking professionals, real estate investors, or principals, could assist, I would be most appreciative.
Best answer:
Answer by Ed Atun
You can get a private loan. Those are available in every city. Going rate today of apx 18%. That sounds high but they know you can’t get the money anywhere else. The loan will be secured by the property so your idea won’t work.
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