||Private Lender - Process
Earn Great Returns with Private Money Lending in Real Estate / Real Estate Investing Made Easy
Private Lending Process
Step One: Great Northern locates and approves
an investment property.
Step Two: Great Northern offers a Private Note
to cover acquisition and remodeling costs, not to exceed 75% of
the property's ARV (after repaired value).
Step Three: Great Northern buys the property and
begins the remodeling process using funds from the Private Lender.
Step Four: Once the remodeling is completed, Great
Northern sells the property to the end buyer or, in case Great
Northern decides to keep the property, refinance the property and
pays off the Private Lender.
Step Five: The Private Lender receives 100% of
his/her invested capital back, plus interest as agreed.
Step Six: If the Private Lender would
like to buy the rehabbed property, the property is transferred
to a holding entity for asset protection and is managed by Great
Northern or the management company indicated by the Private Lender
for cash flow and long term equity appreciation.
NYS BANKING DEPARTMENT DOES NOT LICENSE ORIGINATION OF LOANS FROM PRIVATE LENDERS