Hard Money

[Marcella Sykes]

Hi Everyone,

This will be my first attempt to secure a hard money loan and I would like to know what to expect.

Is the loan based on LTV or ARV. What type of interest is the norm, how many points should I expect? How long can a short term loan be? What type of payments should I expect on a $100,000 loan? What type of things should I be alert to that may make it a bad deal?

Thanks