Needing $250,000 to finance a real estate transaction, EquityBuild Finance President was able to secure the needed funds in less than 24 hours, much less.    Even more impressive than that powerful show of force has been the 12% returned registered by private mortgage note investors with EquityBuild Finance, with no defaults.

EquityBuild Finance is the funding unit of EquityBuild, a real estate investment firm.  EquityBuild was founded by Jerry Cohen, who has been a principal in more than 1000 real estate transactions since 1984.  At present, both EquityBuild Finance and EquityBuild are very active in Chicago, where the private mortgage note deal was transacted to provide funding for the fixing up of a property to be sold.

Private mortgage notes are loans from an investor or a group to finance a real estate transaction.  Many times, traditional lenders such as banks, credit unions, and mortgage brokers cannot meet the needs of the marketplace.  As a result, there is a strong demand for private mortgage financing, as the recent deal demonstrated. 

EquityBuild Finance became active in private mortgage financing due to the demand created during The Great Recession.  Traditional lenders pulled back from the real estate mortgage market.  That created a tremendous need for others to meet the needs of buyers and others. 

As Cohen pointed out potential investors, "You will receive your standard 3 months of prepaid interest at closing and the 1% a month after that, as is standard with our loan program.  The buyer is very strong with a 720+ mid score and 250k+ in income.  He is a commercial underwriter for MetLife Hedge Fund and she is a Consultant for Deloitte and Touche.  This is a very unique opportunity that you don't want to miss out on as it will be renovated and ready to sell in 6 months time. "

The deal evinces just how quickly the private mortgage note opportunities with EquityBuild Finance open and shut.  Not only has 12% been returned so far with no defaults, the private mortgage notes are short term with the investor holding first position.  With the Chicago real estate market so hot, there are even more appealing features to the deals for investors.