Is this a good hard money loan?

[Soh Tanaka]

I'm at a point where I have to use a non-conventional loan (hard money / private money). I found this company who will offer below, and I want to hear your thoughts regarding the terms.

- 30-year fixed - 80% financed with 6.35% or 75% financed with 6.2%

- $495 appraisal fee + $995 fee + 1.5 to 2.5 points depending on my credit

- About a month to close.

- Prepay penalty for the first 3 years: 3 % for the 1st year, 2% for the 2nd year and 1% for the 3rd year.

What do you think?

Thank you!