Earn 9-12% Interest

Private Lending
with Oak Properties, Inc.

Oak Properties, Inc. is in the business of purchasing, rehabbing and selling single-family homes within Schuylkill County.

When we pay cash for a house, we typically use private lenders ( investors ) to fund our transactions. This means we borrow the money from an individual, such as yourself, to buy and fix-up the home; and then pay it back with interest, just like you pay your mortgage to your bank. The quick turnaround, availability of required funds, and lender flexibility make it much more attractive for us to work with private lenders versus regular banks. Since buying the properties "right" allows us to get a high rate of return on our opportunities, we are able offer our private lenders a high yield when using their money.

The maximum loan to value is 85%. That means we will borrow up to $42,500 on a $50,000 property. The money we borrow is secured by a 1st mortgage on the purchased property. Our investor receives 9- 12% interest. Monthly or Quarterly payments include principal and interest, or interest only, depending on your desires.

Interest only payments keep 100% of your principal working for you. Most loans have a balloon payment due in 1 to 7 years. The term is decided by the investor’s desires.

Sometimes we borrow offering a 2nd mortgage. For example, if there is a first mortgage for $25,000, then we can offer our investor a second mortgage of (up to) $17,500.

The above loan amounts are simply examples. If you don't have large amounts to invest, don't worry; we buy houses in all price ranges.

All private lenders get:

	Promissory Note
	1st Mortgage recorded against the property
	Added on to the hazard insurance as the mortgagee
	Copy of any appraisals or market analysis reports
	Lender’s title insurance

We pay all costs involved to close the transaction. There is no cost to the investor.

To invest, we would first find out how much you are looking to tie up and for how long. We would then look for a deal that will met your criteria. Once located, we would call you, give you all the details and then you would decide to participate or not. There's never any obligation until after you approve the deal.

We never co-mingle or pool funds together. One investor... one note and mortgage.

When you decide on a deal, you’ll send your funds directly to the closing agent at a local title company when we’re ready to close. We'll never accept your funds directly.

All the houses used as collateral will be located in Schuylkill County.

A majority of our private lenders currently include many of our family members, seasoned business contacts and previous sellers we bought property from. Only recently have we opened this to others visiting our website.

If you have funds in a retirement account, you can use them to invest. The IRS requires the use of an approved custodian to qualify for tax deferred or tax free gains. We recommend www.trustetc.com to create a self-directed real estate retirement account. We will be glad to discuss this with you further.

To learn more, or to be added to our private investor list, please call or submit this form. Your questions are always welcome.