Private money bank is a system source that brings together people with great deals, who needs funding for their deals and also “lenders” i.e. people who has money to lend that is sitting in a bank account, 401k or other investment that is not giving a great return on their money. Private money bank provides short term loan to investors, generally 6 months to 1 year at a determine payment schedule, interest rate, points on loans and loan to value based on as-is value of property.Their points typically range between 5-10 and interest rate from 12-18%. Now let’s take a look at both of these two scenarios in a little more detail.
Private Money Bank A Safer Alternative To The Stock Market!! Have Your 401k Turned Into A 40k? Are You Getting A High Return Rate From Your Bank Account Or CD?
If you are not satisfied with your rate of return from your bank, then Private Money Bank is for you. By becoming a lender you can literally see a higher rate of return (than if you had left your money in that bank account) and get paid monthly while you are lending. They secure your money against real estate properties that is purchased significantly below market value and you are protected by issuance of a Promissory note, a Mortgage and Hazard Insurance. The key thing about Private Money Bank is that you choose the property you want to lend on whether it be commercial or residential property. By clicking below you can obtain greater detail from Private Money Bank.
Investors Have You Lost That Deal Because Of Funding?
Private Money Bank is for you as well! The ultimate source for hard money funding. They do business all over the country, providing real estate investors with the funds needed to close. Private money bank is all about creative investing and providing the funding without the hassles of credit problems, limited resources, and being at the mercy of banks who generally look at the property in its state. Money is loaned at 65% of the property as-is value. If you have a deal that needs funding NOW!! they will look at the deal and give you the funding provided that you are buying the property “right”. By clicking below submit your deal, get funded, cash your check and do it again. Would you rather loose that deal because of not getting the funds?