Hard money loan terms.

2 Replies

Hey @Reggie Maggard  - that is pretty typical from what I hear in your area. We don't lend there, but I know in CA where it is a little bit more competitive, rates are around 8-14% and 2-6 points. I would just make sure to clarify all the "junk fees", they usually amount to around $1500-$3000 here, which is all unnecessary. Also, make sure there are no prepayment penalties. Good luck!

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