Three Key Business Partnerships Could Lead to a Bounty of Motivated Borrowers
By John Odegard, President, Seattle Funding Group
There are a few key elements to successful private money (aka, hard-money) transactions. First, borrowers must have enough motivation. In addition, borrowers must see great value from the loan.
But where can mortgage brokers find motivated borrowers to whom they can provide substantial value and who have loans that are attractive to private money lenders?
There are three potential referral sources to which you can turn for clients. By tapping these and building trust with them, you could increase their private money client base.