Private lenders wants to make <$1mm USA based commercial real estate loans:
$250,000 - $1mm
12 month term
Location agnostic
Interest only w/ balloon at end of term
8.875 - 10.875 interest rate
2-3 origination points lender / 1-2 broker
1st lien position only
There is no prepayment penalty or minimum monthly interest period
Most commercial property types

This private lender makes small balance short term loans.
Yes - we will co-broker and split 50/50