There are many ways to get funding for your real estate deal. You can do syndications, take an institutional loan, or even borrow money from a private lender. In this episode with Edward Brown of Pacific Private money, we talk about the things one needs to know when borrowing from a private lender.

Edward kicks off the show by talking about the two radio shows he’s hosting. He then shares about his company, Pacific Private Money, and their niche which is the bridge loan. He also details the kinds of funds they have, how the company is maintaining organizational cohesiveness, and how they are meeting new investors through radio advertising and endorsements from people who trust the company. Click the play button now and enjoy the show!

Key Points From This Episode: 

• Edward talks about the fascinating intersection of sports and business.
• What got Edward into doing a radio show?
• Edward shares that Pacific Private Money’s niche is bridge loans.
• How does the current environment is affecting Edward’s company and what opportunities does he see in bridge loans right now?
• Edward shares that their average loan size is between $800,000 to $1,000,000.
• How does Edward’s company maintain organizational cohesiveness as they try to work the loans through the process?
• What factors pique the interest of a private lender like Pacific Private Money?
• How did the 2008 recession affect Edward’s company at that time?
• Edward shares that radio advertising as well as endorsements from people who trusted their services help their company to meet new investors.
• Edward talks about their freedom fund and how he talks to investors about risks.
• The daily habit that contributed to Edward’s success.

Tweetables:

“We decided to take that leap some years back, then we're not the only ones. But we're one of the few. And like you said, we're probably one of the largest in the country, as a private lender, for the owner-occupied consumer bridge loans.”

“I guess the big benefit we have as a private lender (is that) we don't have 11 levels of approval. We don't have to have loan loss reserves like the typical bank. So we can think outside the box.”

Links Mentioned in Today’s Episode:

Edward Brown on LinkedIn

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