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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage Advicehard money loan 12% interest
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from East Meadow, New York
  • Member since Jul 18, 2015
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from East Meadow, New York
  • Member since Jul 18, 2015
Connect
Account Closed
  • Investor
  • East Meadow, NY
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Private Lending & Conventional Mortgage Advice

hard money loan 12% interest

Account Closed
  • Investor
  • East Meadow, NY
Posted Jul 22 2015, 11:06

hello BP,

 on a hard money loan, if the interest is 12%, is that monthly or loan life?  I'm a newbie so I apologize now but this would help me a lot.   ex. on 100k, can it really be 12k a month?  or 12k for the overall loan?  can anyone clarify this quickly?  Thanks guys!

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