Medium Term Hard Money Pool

[Terry Owens]

In the words of Salvatore Buscemi, I have a date to the Prom and now I need a prom dress. I have very little liquid capital to invest in this deal and would like advice on how to structure it. I want to hold it for a while, at least 5 years. What's the going rate of interest I should expect to pay to a medium term hard money lender? Do they expect equity at the end in addition to interest? Then the big question is where do I find them? Will they expect a fancy pitch book?

Is there a quick way to tell if a certain interest rate is not worth the trouble, like comparing it to the Total ROI.

Thanks!

Terry

[Mindy Jensen]

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