Private money investing is the reverse side of hard money lending, a type of financing in which a borrower receives funds based on the value of real estate owned by the borrower. Private Money Investing (“PMI”) concerns the SOURCE of the funds lent to hard money borrowers, as well as other considerations made from the INVESTOR’S side of the equation.
Without these private, non-institutional investors, hard money would not exist.
Read more about Private Money Investing: Private Money Investment Industry, Private Money Investors, The Lending Process, Underwriting, Funding, Methods of Investment, Investor Eligibility, Regulatory Oversight, Investment Management, Investment Considerations, Mortgage Funds Compared To REITs, The Future of Private Money Investment, See Also
Famous quotes containing the words private, money and/or investing:
“The private detective of fiction is a fantastic creation who acts and speaks like a real man. He can be completely realistic in every sense but one, that one sense being that in life as we know it such a man would not be a private detective.”
—Raymond Chandler (1888–1959)
“Superfluous wealth can buy superfluities only. Money is not required to buy one necessary of the soul.”
—Henry David Thoreau (1817–1862)
“After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world.”
—Calvin Coolidge (1872–1933)