Brokers make up an essential part of the LBC Capital Fixed Income Fund hierarchy. If you're wondering why you should depend on LBC instead of working with an investor directly, there are plenty of reasons for that.
Basically, the lending process is a lot more complicated than people think, and getting hard money loans, private financing, and a private mortgage pool by yourself is considerable work.
What is a Broker?
Traditionally, the broker is the third party that handles transactions between buyers and sellers. There are also many types of brokers, which range from investment brokers to real estate brokers.
In terms of a private mortgage fund or private money loans, the broker is the one who takes investor money (that have a guaranteed ROI of 8% in LBC) and uses it to make a loan that's a safe investment secured by real estate.
In a sense, LBC Capital Fixed Income Fund is the third-party broker that helps hard money loans when possible while satisfying both its investors' and borrowers' respective needs. |