Commercial Mortgage Bridge Loans

[gavinmccallister]

First position loans

I have read that pay 6.00% are they really safe and has anyone ever used one to save money, you have to have at least $50,000 to invest.

That seems like a good rate and the interest is paid to you monthly.

[gavinmccallister]

has anyone ever used one to invest I am cautious with my money and want to know if they are safe.

[disneysteve]

First position loans

I have read that pay 6.00% are they really safe

Those two statements are diametrically opposed to each other. Nothing pays 6% that is "really safe". Avoid weird investments and stick to the standard stuff.

[gavinmccallister]

this is the site that I found.

http://knowlessystem.com/

has anyone heard of them

[disneysteve]

This falls into the "if it sounds too good to be true" department.

If these loans are so safe and "guaranteed" to pay 6%, why would the companies seek private investors. Big institutional investors would snatch these things up before the public got their hands on them.

If the borrowers are such great credit risks, why would they need to take out a loan at over 6% interest? If they have good credit and equity, they could get more reasonable financing through standard lenders.

It's a scam. Stay away.

[gavinmccallister]

Thanks for the feedback and advice on what to steer clear of.