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Frequently Asked Questions
- Who needs Private Money loans?
- What states do we lend in?
- What are the Benefits of Private Money loans for Investors?
- What are the terms of our Private Money loans?
Who needs Private Money loans? There are many reasons why borrowers request private money loans;
- the loan may fall outside of a Lenders loan criteria
- a borrower may need a loan quickly or may only need a short term loan
- a borrower may have credit problems
- a borrower may want to pay off dept or get cash back
What states do we lend in? Wind River Brokers can lend in all 50 states except Florida.
What are the Benefits of Private Money loans for Investors? Private Money loans
usually return higher yields than
money market and CDs. In addition; interest payments for the term of the loan are collected at closing and paid to the
Investor. These Funds are Non-refundable to the Borrower under any circumstances.
What are the terms of our Private Money loans?
- Private Money loans are typically set up as 6, 9 or 12 month balloon loans.
- The Maximum Loan to Value is 65%
- Acceptable property types are lots, acreage, Commercial and single family Non Owner Occupied homes
- Acceptable transaction types are Construction, Purchases, Cash out and Debt consolidation Refinance
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