Archive for October, 2012

What is Private Lending?

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Shad Long, Chief Investment Officer with Verdeo Capital, a Sacramento area private money lender answers the question “What is Private Lending?”

  1. What is a Private Money Loan?
  2. Who qualifies for a private money loan?
  3. What if I have negative credit or credit blemishes?
  4. What is an Exit Strategy?

Unlike conventional institutions, Private money comes from individual investors who invest in real property. Borrowers who find themselves with negative credit situations, ...

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Qualifying For, Getting Into & Out of a Private Money Loan

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Cary Long, Chief Executive Officer with Verdeo Capital, a Sacramento area private money lender answers questions about Qualifying for, Getting In & Out of a Private Money Loan.

  1. Do I need to prequalify for a Private Money Loan?
  2. How Do I get the process started?
  3. What if I have credit blemishes?
  4. Are there any pre-payment penalties?
  5. How long does it take to close my loan?

Cary reviews the answers to each of ...

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The Private Money Borrowing Process at Verdeo Capital

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Cary Long, Chief Executive Officer with Verdeo Capital, a Sacramento area private money lender explains the step-by-step borrowing process a client experiences.

  1. Starts with an Inquiry & Review Situation
  2. Formal Applicaion & Income Verification
  3. Disclosures Prepared & Executed
  4. Underwriting, Conditions & Appraisal
  5. Title Appointment & Close

Cary Long reviewes each stage of the process and talks about why they are able to act quickly, often within 7 to 14 days total ...

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Most Common Scenarios at Verdeo Capital with Private Money Lending

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Shad Long, Chief Investment Office with Verdeo Capital, a Sacramento area private money lender explains the three most commonly seen situations that come through their office.

  1. Shortsale, Foreclosure, or Bankruptcy
  2. Hard to Prove Income or Self Employed?
  3. Non Owner Occupied Real Estate Investors.

You are not immediately disqualified for a private money loan if you have a shortsale, foreclosure, bankruptcy, ...

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