Richton Funding

FAQS

How do I become a Secure High Yield Lender?

Just complete our online form and a company representative will contact you. Or call 718-692-2274.

 How are my funds used?

To be effective in this market we need to be able to work quickly and make all cash offers on distressed property opportunities. This need for rapid action restricts us from using traditional mortgage lenders in favor of private lenders such as yourself. As knowledgeable real estate investors we know that the quality of a deal is determined by its purchase price as well as its ultimate sale value. Our ability to act swiftly in the market and make strategic property purchases using private funding is a competitive advantage. As a private lending source with the ability to provide that immediate funding liquidity you benefit by earning mortgage interest rates more than twice the current national average and 4 times typical cd rates.

How do I receive my interest payments and return of mortgage proceeds?

We will typically pay you quarterly interest only payments unless you prefer  a lump sum payment at the end of the loan.

How are my funds secured?

Your funds are secured by a promissory note, a recorded first mortgage lien, a lender's title insurance policy and a certificate of insurance with you named as an additional insured in the event of a fire or other accident.

What are the current interest rates offered on these funds to private lenders?

The current rate being offered 12% interest on funds borrowed.

Most of my money is tied up in an IRA or my home. How can I participate as a private lender?

No problem, our firm can help you find a self directed IRA plan that will allow you to participate with us using your IRA funds. We recommend Equity Trust Company which you can find on the web at www.trustetc.com. You can also utilize the equity available in your home to fund private loans.

How much money is required to participate as a Project Partner private lender?

The minimum funding required is $ 25,000.

Do I get to review the deal before I agree to fund a project?

Absolutely, we will present the entire deal package to you prior to any funding commitment. You have the exclusive right to accept or deny participation in the deal. The decision is all yours.

We do not accept any funds from you until you have reviewed the deal and committed to make the loan. Once the decision to commit is in place we look to close within 48 hours and we will need your funds at the time of closing. There are no hidden costs as all closing costs are paid by us.

What experience do you have in the real estate and finance industry?

The principal of company has over twenty-five years of experience in the real estate and finance business. He is also a CPA.