the Private Lender Program
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The PRIVATE LENDER PROGRAM is an EXCITING program in itself and offers HUGE FEES for the broker
(price - $60.00)
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There are several brokers throughout the country who specialize in only this program and EARN EXCEPTIONALLY HIGH FEES!
There are hundreds of people in your own city or town who have $15,000, $20,000, even $50,000 or more, deposited in savings accounts that earn them only a portion of the interest they could earn by investing these funds in real estate
secured mortgages or trust deeds. You act as the intermediary between borrowers and these investors. It's easier than you think! I'll show you how to find these investors quickly and you'll soon
compile a list of investors who are ready and willing to look at your loan requests and have them funded.
The type of loans that you will be funding are what we call equity loans, or hard money loans. Usually the highest loan-to-value ratio that you will lend on these loans is about 70%. This will mean maximum security for
your private investors.
BORROWERS COME TO YOU BECAUSE:
1. Credit problems in the past and are unable to get bank financing.
2. Banks and other lenders are not making loans on a certain type of loan request.
3. Not on the job long enough.
4. Just moved into town.
5. Loan request is too small for an institutional lender.
6. Business related loan request.
7. Second home, or rental property.
Banks find many more excuses not to approve loans, even though the property may have plenty of equity and be considered a very well secured loan. When borrowers have no place to turn, they will come to you and
you can close several of these loans each month. These are small loans of $15,000 to $50,000. The borrowers are usually desperate and will pay a premium interest rate to your investors and also a premium
loan fee to you. The average charge as a loan broker for these loans is 8% - 12%.
Below are a few samples of loans that I've just closed and the fee that I earned for arranging
the financing: |
$25,000
first trust deed |
rental property |
40%
loan-to-value |
loan fee 10%
($2,500) |
$15,000
first trust deed |
rental property |
35%
loan-to-value |
loan fee 10%
($1,500) |
$20,000
second trust deed |
residence |
60%
loan-to-value |
loan fee 10%
($2,000) |
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Each of these borrowers were unable to receive financing from their banker for one reason or another, yet the security in each case was excellent and the investors were happy to receive a higher yield for this investment than they
received from their passbook account. Therefore, your borrowers are happy -- they've received their loans! Your investors are happy -- they have excellent security and earn a high rate of return
THE PRIVATE LENDER PROGRAM INCLUDES:
1. Samples of actual offerings, closings, letters, agreements, forms, investment summaries, loan applications, etc.
2. How and where to find investors fast.
3. How and where to find borrowers.
4. Absolutely everything you need to start earning huge fees immediately.
5. And, of course, free consultation any time
YOU CAN NOW DISCOVER THE PERSONAL AND FINANCIAL FREEDOM WAITING FOR YOU AS A PRIVATE LENDER BROKER!
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