..you can offer or request money, what type of investment you’re looking for and you can set your own terms.
Cornelius, OR (PRWEB) April 22, 2010
On February 1 of this year, Alex Tanner launched Lendpost.com a website dedicated to “hard money” and “private money” lending. It is a site where individuals post their loan requests or offers for such things as buying and renovating investment properties, funding start-ups, or other business ventures.
Tanner is a builder by trade and like every builder knows firsthand what the collapse in the housing market has done to the US economy, especially new-home sales. He also knows that the key to recovery is the availability of credit. But unlike many leaders in politics and business, he’s not waiting for big banks to loosen credit standards. Instead, he’s taking matters into his own hands.
“Credit is incredibly tight right now,” observes Tanner, “and at the same time, there are hundreds of billions of investment dollars sitting on the sidelines. What I want to do is connect those loose ends. Lend Post is a place where if you’ve got a great opportunity, you can pitch it to the world. Also, if you’ve got money, but stocks and bonds still look shaky to you, you can offer or request money, what type of investment you’re looking for and you can set your own terms.”
Recent posts included an offer with the description, “…hard money financing for rehabbers and investors up to 60% LTV After Repair Value, loan amount from 50,000 to 5,000,000…” exactly the type of loan Tanner says he’s had a hard time securing for his construction business.
To date, Tanner says, he’s had over 120 requests and offers for funding posted to his website. He’s not sure how many deals have been struck through the postings, but expects to hear about them soon.