Hard Money Lending : PMB-Funding.com - New "Hybrid" Private Money Lender

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Uploaded by on Apr 21, 2011

Chris Yates of CM Yates Capital (http://cmyatescapital.com) explains a new "hybrid" source of private money for your real estate transactions. This new concept has been around for less than 2 months, and it is already gaining ground quickly in the alternative funding realm of real estate investing. The company, PMB International, has located a bunch of private lenders who want to fund real estate deals, and is pairing them with borrowers who need funding. In short, you send them the details of your deal online, and they send it off to a bunch of private lenders that are looking to fund it. They take the best fit, and fund your deal.

Here are a few points that make them unique from most other lenders out there:
• 100% funding success rate for deals that meet their criteria
• Can fund both large and small loans amounts (meaning that they WILL consider your smaller $10K-$20K deals, etc.)
• Longer term loans are available for rehab and cash flow deals
• No upfront cost to submit a deal
• No credit requirement (they will fund your deal even if you have foreclosures or BK, etc.)
• For higher LTV deals, they will allow cross-collateral or partners in lieu of cash down payments
• Will allow seller-carry hybrid deals up to 110% CLTV (the seller will carry a 2nd if provide cash of a 1st loan)
• Will pay you an ongoing referral fee for sending them borrowers or lenders (in some states)
• Will pay you for referring them other people who refer borrowers or lenders (in some states)

PMB Funding has a quick 2-minute video on their website explaining how their model works, and how you can submit your deals for funding. Check it out by going to http://pmb-funding.com.

For more information on private money lending resources for real estate investors, visit http://cmyatescapital.com/investor-resources/

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  • This sounds like a good deal. This could be a boon to help people get into houses.

    TheInc0g 5 months ago

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