Lafayette Financial has been in business since 1979 originating and servicing private money mortgage loans on residential and commercial real estate. Our goal is to bring together borrowers and lenders by making prudent mortgage decisions that benefit both parties. Our lending philosophy is based on real estate collateral as the primary factor for insuring an investor's money is paid back. The general term most people recognize for this philosophy is Hard Money lending.
Although we act as a broker in most transactions, we function more as a lender by underwriting the loan inhouse and closing it in the name of the private lender. We are able to make quick underwriting decisions because there are no committees to consult with. Answers are usually given within 24 hours.
Lafayette Financial has been in business since 1979, started by Donald Powell, and bringing in his son, Wayne Powell, in 1991. Both are Deptartment of Real Estate licensed brokers. Thank you for visiting our web site. Whether you are a borrower or private Note lender, we look forward to putting our expertise to work for you.