Updated almost 8 years ago on . Most recent reply
Standard Private lending rates
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?
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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. :-)