Have you ever thought of getting a private mortgage for your construction project? Many real estate developers know of this option but they are hesitant to try it. One of the things you should consider when looking into construction financing is convenience. There are many lending institutions that can finance your construction project. Securing a loan from them is however, a nerve-wrecking exercise. A good number of the lending institutions have complex application procedures and requirements that put off customers.
To begin with, it is important to appreciate that funding of a loan or buying a promissory note is a risky investment. The lender is taking a risk to invest their money in your project, hoping that you will pay back as agreed. Peer to peer investing is one of the most popular lending options for construction projects in the marketplace. This is where individuals lend each other directly without using intermediaries.
Some projects however, are just too big for individuals to finance. Various lending companies have taken an interest in the peer to peer lending because they believe that is where they will find most clients. It is important for you to choose your real estate peer lending partner carefully. Blackhawk is one of the most reliable peer to peer lending platform in the marketplace today. If you are looking for a real estate peer to peer investor, then you should consider using Blackhawk’s services.
Most of the big real estate investors prefer using trust deed investing. When they are lending money, they prefer it to be collateral-backed. There are very few peer to peer lending agencies that will give their clients this service. Blackhawk is one of those few agencies. Most banks have abandoned both residential and commercial investment mortgages.
At this time, peer investors have got the biggest opportunity to fill in those gaps. They can invest in prime real estate projects with low risk and better returns. That is what any investor would want. We have created the right environment where all lenders will feel comfortable lending out their money to real estate projects.
Blackhawk does not just serve the interests of the lenders, but borrowers as well. As a borrower who has been shut out from other options in the credit market, we have the best solution for you. Borrowers can access friendly rates for the loans they need making it possible to finance various projects.