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Karen Jensen
  • Durham, NC
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Standard Private lending rates

Karen Jensen
  • Durham, NC
Posted Oct 23 2017, 18:28
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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