I have been involved in the real estate business for the last 5 years. My business is a combination of residential renovations, spec homes and I have one minor subdivision under my belt. Currently I do about 4 projects a year, in order to take this to the next level I am looking for private investors willing to lend money secured by real estate. I already have access to a number of banks and hard money lenders. The hard money lenders kill me with points and the banks have so many hoops to jump through, I can't close quickly on deals. Also with the down turn in the real estate market banks are looking for much larger downpayments for commercial loans than before.
Anyway... getting to my questions. Since I don't know any private investors, I need to do a little marketing. My concern is marketing an ROI will I be violating any SEC or lending rules?
Thanks,
Nathan
Anyway... getting to my questions. Since I don't know any private investors, I need to do a little marketing. My concern is marketing an ROI will I be violating any SEC or lending rules?
Thanks,
Nathan
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