Over your lifetime, banks have profited enormously from your savings.
They've taken your money for 1.5% interest. And they've lend it to others for 8% interest.
Banks trust real estate more than other types of loans, like car loans. Many times, your money has been lent to purchase real estate.
Why not lend directly to purchase real estate?
Sherman & Associates pays private lenders 8% to 10% interest
Short-Term Private Lender Loans
- Fix & Flip Project
- 8% to 12% simple annual interest*
- $5,000 minimum
- Min. 6 month simple annual interest
- Green retrofitting
- No penalty for early withdrawal
- Payment options: monthly, quarterly, annually, or close of loan
- Private Lender paid first with first deed of trust*
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Long-Term Private Lender Loans
- Buy & Hold Project
- 8% to 10% interest*
- $5,000 minimum
- Minimum 2 year loan period
- Green retrofitting
- No penalty for early withdrawal
- Payment options: monthly, quarterly, annually, or close of loan
- Private Lender paid first with first deed of trust*
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* Each real estate transaction is unique and will have different results.
Private lenders are protected with five (5) layers of security
1. Deed of trust or mortgage
2. Promissory note personally signed by our President, Jay Sherman
3. Title insurance policy
4. Hazard insurance policy
5. Collateral of at least 30% on the property after repairs
Why doesn't Sherman & Associates go to the bank for loans?
Sellers offer a big discount if we can close quickly. Applying for a mortgage from the bank takes too long. Instead, we use cash from private individuals or "private lenders."
Sherman & Associates is not a bank and investments with our company are not FDIC insured.
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