Private Loans are loans between Business & Investors. They normally replace bank loans when Banks are unwilling to unable to refinance or to renegotiate a loan. They can be a last resort when the bank is about to call a loan due. We have numerous investors that will consider taking the place of a bank for a secured loan.
Benefits For Banks
- Private Loans Remove Classified & Non-Performing Loans from the Bank's Portfolio
- By Removing Classified Loans the Banks Improve their Cash Flow and Reduces Bad Loan Reserves
- When the Private Investor pays of the Bank, it Prevents the Banks Customers from Default
Benefits For Borrowers
- A Private Loan can Prevent Default or Foreclosure
- Loans can be Renegotiated with Easier Terms
- A Private Loan can sometimes Reduce Debt Service and Improve Cash Flow
- By Preventing Default or Foreclosure a Private Loan can Save Your Credit!
- A Private Loan can Preserve Your Line of Credit with the Bank
Benefits for Investors
- Private Loans can offer an Excellent Return on Investment
- Private Loans are Secured Loans and are Structured for Your Benefit