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Updated over 9 years ago on . Most recent reply

Jenny Seaborn's profile image
Jenny Seaborn's profile image
Jenny Seaborn
  • Stay Home Mom
  • from Granbury, Texas
  • Member since Aug 31, 2015
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Jenny Seaborn's profile image
Jenny Seaborn's profile image
Jenny Seaborn
  • Stay Home Mom
  • from Granbury, Texas
  • Member since Aug 31, 2015
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Jenny Seaborn
  • Stay Home Mom
  • Granbury, TX
2
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12
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Private Lending & Conventional Mortgage Advice

How does private lending percentages work?

Jenny Seaborn
  • Stay Home Mom
  • Granbury, TX
Posted

We have a private lender that will be lending to us. we will be giving them 10%. How do we calculate this and figure out how much we will owe them when we are done with our renovation? We are guessing  the project will approximately take  6 months to complete.

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Charlie Fitzgerald's profile image
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Charlie Fitzgerald
  • Lender
  • from Las Vegas, NV
  • Member since Aug 12, 2015
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Charlie Fitzgerald's profile image
Charlie Fitzgerald's profile image
Charlie Fitzgerald
  • Lender
  • from Las Vegas, NV
  • Member since Aug 12, 2015
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Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
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Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
Replied

If you would like another option for private lending next time around from someone that would go to extraordinary lengths to make sure you understand the relationship and the numbers, please let me know.

  • Charlie Fitzgerald
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