Real Estate Investors Explain Why They Work With Private Money Lenders
Mike Gorius and Kevin Hart opt for private lenders despite higher interest rates.The main advantage of working with private lenders rather than traditional lenders is speed. Finding people with capital boils down to networking, leveraging social media, and cold-calling.As of March 2025, mortgage rates are hovering around 6.4%.Real-estate investors Mike Gorius and Kevin Hart are willing to pay nearly double that rate to work with private money lenders.The main reason is speed and efficiency.Gorius told Business Insider that compared to working with a traditional lender, "there's a lot less paperwork...



