Updated about 5 years ago on . Most recent reply
Flippers Only Question - Hard Money - CA
Does your hard money lender offer better terms? I have a hard money lender that I use and have the following terms:
1. 90% LTV @ 12 months - no prepay penalty (straight purchase only)
2. 2 Pts
3. 9.5% Interest Only
4. Lender admin fees: $1,500
5. Credit Review: $55
6. Lender Appraisal: $500
7. Lender wire fees: $45
8. Lender Carrier fees: $50