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Updated almost 7 years ago on . Most recent reply

A private lender that’s willing to fully finance?
I have been hearing a lot about hard money lenders that are willing to fully finance a deal with a 4%-14% fee. What are the typical logistics of the hard money Lender lending at this rate?
Most Popular Reply

@Barry Inge a typical hard money lender will lend 80% - 90% of the purchase price and 100% of the rehab. They'll charge between 2 and 5 points, and usually be in the 10% - 15% interest range. It'll vary based on credit, experience, and the property itself.