Clay Sparkman
If you are a broker or borrower of real estate secured commercial money, Lendicom may be of particular interest to you. This site is geared toward commercial lending, and allows borrowers and brokers to sign up and submit specific loan proposals to lenders who have also signed up online.
Presently we have a database of 200+ direct lenders, and they are quite varied, ranging from large institutional to individuals who are private money lenders. These lenders have submitted the particulars for one or more specific proposals. These are held in the Lendicom database.
When a broker/borrower enters a new proposal, Lendicom looks for a match with the various proposals in the database. If one or more matches is found, a list of lenders is provided, and brokers/borrowers have the option to decide which of the lenders they would like to submit their proposal to.
Product highlights include: individual home pages for each user with complete pipeline information pertaining to all loans processed through Lendicom, the ability to manage all outstanding loan programs/proposals from a single location, and the ability to setup whole offices on the system and coordinate the various users.
There is no cost to brokers/borrowers for using Lendicom.
The tool is designed for a wide cross-section of lenders. Commercial banks, life insurance companies, CMBS conduit lenders, sub-prime lenders, private lenders, and various funds are all accessible with a single submission.
In the interest of full disclosure, I am an officer and a part owner of the company that offers this site. Maybe that’s why I like it so much.
You will find it at: www.lendicom.com
We hope you like it too.
– Clay (clay@privatemoneysource.com, 503-476-2909)
Clay is Vice President of Fairfield Financial, a primary source for private money since 1964. Fairfield is currently targeting loans in OR, WA, AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX, but is able to source loans nationwide. To submit a loan to Fairfield for consideration: http://www.privatemoneysource.com/loanproposal.php
Tags: Commercial loans, construction loans, finding lenders, hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, real estate, real estate rental, rehab loans, REO funding, Short sales, subordinate loans
