Loan programs
Private Money Loans
Business-purpose real estate loans from private lenders when a bank is not the right fit.
Private money loans come from private lenders and funds instead of banks. They focus mostly on the property and your plan for it, which can help when a deal needs to move quickly or does not fit a bank's guidelines, such as a property that needs work or a borrower with complex income.
Private money usually costs more than bank financing and is meant to be held for a shorter period. We help you understand all of the costs and plan your exit, whether that is a sale or a refinance into longer-term financing.
How private money works
A private lender reviews the property, its value and your plan, then lends against it. Decisions can be simpler than at a bank, but you should expect higher costs and a shorter loan. Having a clear plan to sell or refinance is part of every private money deal.
Common uses
Buying a property that needs repairs, closing on a time-sensitive purchase, bridging until a property is leased up or sold, buying at auction, or pulling equity from an investment property to fund the next project.
Business purpose only
The private money loans described here are for investment and business-purpose property, not a home you live in. If you are buying or refinancing your own home, we can walk you through residential programs instead.
Questions about Private Money Loans
Can I use private money to buy my own home?
The private money loans described here are for investment and business-purpose property only. For a home you will live in, we can review residential programs with you.
Why would I choose private money over a bank?
Private lenders can be more flexible about the property's condition and can often move faster. They also cost more, so we compare them with bank options and only recommend private money when it makes sense for the deal.
What do private lenders need from me?
Usually the purchase contract or property details, your plan and budget, proof of funds and a summary of your experience. We send you the exact list once we know the deal.
See what your monthly payment could look like
Type or slide in a home price, the amount you plan to put down, a rate you have been quoted and a term. The estimate updates as you go, and nothing is sent unless you ask David to review it.
Estimated principal and interest
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Fill in all four numbers to see it. Prefer to talk it through? Call David at (954) 504-5611.
Estimated principal and interest
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For illustration only. Not a loan offer. Taxes and insurance not included.
From first call to closing, in four steps
- 01
Start a conversation
Tell David what you are planning. A short call or message is enough to begin.
- 02
Compare your options
David learns your goals and lays out the loan options that may fit, with the tradeoffs explained.
- 03
Apply securely
When you are ready, you apply online. David tells you exactly which documents are needed.
- 04
Get to closing
David keeps you posted through underwriting and is there for questions on closing day.
Other loan programs
Get in touch
Send a message and David will reach out. You can also call or text.
David J Poloney, NMLS #796103
David John Lending Group, NMLS #1958392