BENEFITS OF USING PRIVATE MONEY IN REAL ESTATE INVESTMENTS
While traditional loans depend on the borrower’s credit score, employment status, debt to income ratio etc., private money offers other creative ways of qualification. The majority of the time, private money loans are secured by the property that is being acquired or by another asset.
Although private money lenders like Cogo Capital work by connecting a private investor with a borrower, these loans are still required to follow banking laws. These kinds of loans are great for business capital and are not recommended for private consumer debt purposes.