REI Cashflow Formula

BLT Lending Opportunities

Lender Information Sheet

BLT Lending is REI Cashflow Formula's lending program. You're here because you'd like to lend money on one of our deals and earn interest on it. Thank you! We know you have worked hard to save money, and we respect the trust it takes to partner with us.

This sheet gives us what we need to draw up the legal documents and set up how you get paid. It is not a payment, and nothing is final until the legal documents are signed. Closing and wiring details come later.

Which opportunity are you funding?

Opportunity Note90

  • Lend $90,000, secured by 2 performing notes (loans where the borrower is paying on time) worth $101,000
  • 12% for 12 months: $10,800 interest
  • Balloon payment at the end, no monthly payments
  • Option to extend 6 more months, with a 1 point (1% of the loan) extension fee

Opportunity PAPMHP

  • Lend $36,000 at 16%, amortized over 10 years
  • $603.05 a month, first payment in month 9
  • $72,365.67 paid back in total: your $36,000 plus interest
  • Secured by a promissory note, the mobile home title held in escrow and a secondary lien on the mobile home park

Looking for something else? See all BLT Lending opportunities.

What happens next

  1. 1

    Our team reaches out with the contacts you'll need for the loan and the legal paperwork, and answers any questions about the closing, payments, balances and paperwork.

  2. 2

    McCollum Law in Cary, NC prepares the contracts and manages the closing. They receive all wired funds and distribute them according to the terms of the contract.

  3. 3

    Once everything is signed and funded, you're paid according to the terms of your opportunity.

Our commitments to you

We (REI Cashflow Formula and our associated companies) agree to:

  • Provide insurance with you, the lender, named as beneficiary.
  • Manage fiduciary responsibilities within the terms agreed.
  • Manage first mortgage payments according to the agreed dates and amounts.