Short term private or hard-money lending rates/points
HI BP, I want to borrow some funds off of my Dad for a quick rehab but he's new to the lending game and I've never borrowed short term before so we're both curious as to what's the norm for this type of loan? I would borrow 30k for between 6mos and a year (the seasoning term before a refinance).
I know it's all negotiable, but we just want to know what's typical? Thanks