Updated about 9 years ago on . Most recent reply

Hard Money Lender Monthly Payments
When using a Hard Money Lender I understand that there is a loan origination fee but what I am confused with is this: What are the monthly payments on a HML assuming that it is 15% interest on a $100K loan. What would the monthly payments be. The math would be $15K but I am finding it hard to believe that this is accurate. Thank you for clarification :)
Most Popular Reply

15k would be the yearly interest. The monthly payment is 1250.