WHY BORROW PRIVATE MONEY WITH STREETWISE MORTGAGES
Top Reasons to borrow private money with Streetwise Mortgages
EASY, FAST, AND EFFICIENT
EASY: Submit deals EASILY with LIGHT paper work to gauge interest and pricing FAST: Obtain a “Letter of Interest” within 72 hours EFFICIENT: Deal with the pain of paper work once you have received interest
FAIR PRICING AND FEES
Pricing will typically depend on key factors such as:
• Type, condition & location of property
• Loan to Value (LTV) ratio
• Position (1st mortgages or 2nd mortgage)
• Strength of borrower & exit strategy
Streetwise helps to facilitate simple and fair pricing with:
• Pre-defined Broker Fees
• Capped Lender Fees
• Maximum and minimum rates for 1st and 2nd mortgages
ACCESS TO 100+ PRIVATE LENDERS
The ability to get quick access to 100+ private lenders who understand real estate investment allows for quick and efficient access to private funds for your project.
EXIT STRATEGY VALIDATION
Streetwise will validate the exit strategy for the borrower through underwriting the proposed exit UPFRONT. If exit is not possible, the deal will not be presented to investors as we only advocate the use of private funds and do not want to see borrowers stuck in a cycle of renewing private funds.
NO HIDDEN COSTS
AVOID SURPRISES: You will know upfront of all applicable fees and costs. We vet all fees and costs upfront to ensure these are fair and reasonable for all parties involved.
WHAT ARE THE RISKS OF PRIVATE LENDING AND HOW TO MITIGATE THEM ?