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Updated over 7 years ago on . Most recent reply

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Karen Jensen
  • Durham, NC
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Standard Private lending rates

Karen Jensen
  • Durham, NC
Posted
We have an attractive property where we plan to fund 50 percent of the investment, and are looking to work with a private lender on the remaining 50 percent. It is A flip property 50kPurchase Repairs - soft costs 50k ARV 140K Conservatively it will take 6 months to flip. What will private lenders typically offer as terms in this scenario. I have been hearing 9-12 percent 1 point. Is this simple interest annualized?

Most Popular Reply

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Jody Schnurrenberger
  • Investor
  • Asheville, NC
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Jody Schnurrenberger
  • Investor
  • Asheville, NC
Replied

I have no idea as I've never used a private lender, but me commenting will bump it back up so maybe someone else will answer.  :-)

  • Jody Schnurrenberger
  • Loading replies...