At BlackWidowNetwork.com,members can specify the type of property they want, where they wantit and how much they want to invest. The objective is to pairinvestors who think it's a good time to sell with those who see itas the right time to buy, and even give buyers access tocredit.

"The very minute they post their unique investor profiles to thenetwork, killer deals flood their inbox, their PDA or even theircell phone," the site boasts. Once investors find a deal, "they canquickly find funding through a private lender via Black Widow'sexclusive Hard Money Hub."

Kevin Skarritt, the self-described "chief arachnid"--or managingpartner--of the Laconia, NH-based venture, says he developed thesite to encourage interaction between investors and simplifysearching for deals.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.