Reply To: Buying a Laundromat w/ Private Capital

[jloper]

I have not secured a loan through private lending yet but I have been looking on Alignable.com and making connections through that site. The few connections that I reached out to are offering different kind of loans RE loans but also personal and business loans at 5% with a long term, from 3 months to 35 years. Another contact was 3 months to 20 years at 5% to 12%. I haven’t gone any further yet as I’m trying to figure out if laundromats will work for me as I’m not close to any for sale that I can find online. They seem mostly in LA which is 2 hrs away. Maybe that shouldn’t be the deciding factor. Lots of questions still unanswered. Hope that helps others.