Updated over 3 years ago on . Most recent reply
Stipulations to using Private Lending
My lender found me an out of state private lender for this commercial property I’m wanting to buy. The property is 8 lots with 8 electric and water connections, 2 mobile homes, and 4 travel trailers on the property. They will be providing full funding, no money out of my pockets. What should I be expecting on interest rates, term of contract, and any other stipulations for using this private lender.
It’s so hard for me to get in contact with my lender and she hasn’t answered me on these questions. I just want a ballpark so my expectations aren’t so high