Financing in Chicago>Question Details

danielziko, Home Buyer in Chicago, IL

Looking for a private loan for $40,000.00

Asked by danielziko, Chicago, IL Wed Jul 18, 2012

Looking for a private loan for $40,000.00 on a three bedroom home.

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Answers

15
Have you tried approaching the sellers to see if they are willing to lend you the money, thus acting as the bank?
1 vote Thank Flag Link Wed Jul 18, 2012
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0 votes Thank Flag Link Thu May 1, 2014
Contact Mr Tohidur Ramah if you need genuine financial help...his Email: tohidurramah@gmail.com
0 votes Thank Flag Link Wed May 1, 2013
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0 votes Thank Flag Link Sat Dec 29, 2012
I am a registered private money lender. We give out loans to assist people, firms who need to update their financial status all over the world, with very Minimal annual Interest Rates as Low as 3% within 1-year to 30 years repayment duration period to any part of the world. We give out loans within the Minimum range of two Thousand United State Dollars to two Million United State Dollars ($2,000.00 to $2,000,000.00 USD). Our loans are well insured for maximum security is our priority, Interested person should contact us via E-mail:robbenbrown11@yahoo.in
0 votes Thank Flag Link Tue Sep 25, 2012
I am looking for a loan to invest in a business, I need 40, 000 to get started. If interested in helping me contact me at. nancytweedy1958@ gmail.com
Flag Mon Mar 31, 2014
Is this for investment le to help. We do business loans for our clients that are currently in business or wanting to get started in business. Real Estate investors are in business therefore they are able to obtain a business loan. Depending on your goals one program we offer may benefit you. We offer a no document business loan, no collateral on the property as it is a business loan and you are able to finance 100% or more. Many of our investors finance the repair/upgrade costs into the loan. The loan is based completely on your credit. You must have a 620 or above to apply. Some of the factors we consider is the length of your credit history, how much available credit, how many recent accounts have been opened etc. We need to prove your ability to repay the loan based on your personal credit. You are welcome to contact me anytime with questions.

Dominique Wilder
Universal Acceptance
559-375-2512property? If so we might be ab
0 votes Thank Flag Link Sat Jul 28, 2012
HELLO I WOULD LIKE SOME INFORMATION ON REAL ESTATE LOANS THAT YOU MIGHT OFFER. I CAN BE REACHES AT .. SWALKER@SOUTHCO.COM I DO HAVE ALL THE DOCUMENTS AND MY CREDIT IS GOOD PLEASE CONTACT ME BACK.!
Flag Fri Apr 18, 2014
Well, there are lots of options for you. You can go to bank and take out a personal loan, also you can take out secured loan if you have any other property or vehicle. But I think that best of all for you will be to turn to private lenders and ask if they can borrow you money. You should try to learn more about all the options avilable for you to find a loan with the best interest rate and repayment terms. Do not hurry up, because it can cost you money.
Web Reference: http://ameriloansearch.com/
0 votes Thank Flag Link Fri Jul 20, 2012
40,000 is mob money..go down to china town with a sign that says "hey china town mob guys I need to borrow some yen"..maybe have it written in Chinese and wear a kimono.. OR ask the owner to hold financing
0 votes Thank Flag Link Thu Jul 19, 2012
You can always find private lenders in your area, search for "hard money" lenders or private lenders. Credit unions are also a great source for small loans.
0 votes Thank Flag Link Wed Jul 18, 2012
Matt, Fifth third doesn't do "private money" loans and their signature loans require a 720 credit score and are capped at 10k. This borrower needs an actual private money lender.
0 votes Thank Flag Link Wed Jul 18, 2012
I have a lender that can do it for this much, Tony Lupescu 708-351-6416
0 votes Thank Flag Link Wed Jul 18, 2012
The hard money lenders I know usually want to be repaid in six months or less otherwise they usually don't extend financing. A "private money" loan is similar but usually for much longer timeframes and much better terms. You're on the right track, keep hunting.
0 votes Thank Flag Link Wed Jul 18, 2012
It is a bank owned short sale, so that is that. My credit is poor and I have 20% down but that is all.
0 votes Thank Flag Link Wed Jul 18, 2012
I'm guessing you have tired the traditional routes? As suggested your best bet may be owner financing.

If you can fill in more details we can help you more. Bank owned property? Private owner? Short Sale?

Give us more details, you'll get some great suggestions!

Jim
0 votes Thank Flag Link Wed Jul 18, 2012
Just asking this question will not get you the answer you are looking for.

There are what are called "hard Money' lenders out there but they will only do the deals for investors with a lot of equity.

If that is the case, you can talk to a local mortgage broker to find them.

If you want it for your primary home, you'll have to have a lot of equity and someone personally willing to lend you the money possibly out of their 401k.

Since we don't know details, it's hard to help you but good luck.
0 votes Thank Flag Link Wed Jul 18, 2012
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