I have a question about Private Money lending rates and terms in

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  • Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
    8y

    If it is truly private money lending it will vary from person to person and be different in different geographic locations.  It will also depend on the time frame of the loan.  Higher interest rate and less points for short term; lower interest rate and more points for long term.  For hard money lending I'm seeing about 9% with 2.5% in points for California for someone with little to no experience.

  • Lender · Bethesda MD · Member since 2017 · 283 posts · 123 votes
    8y

    Get a quote from a bunch of hard money lenders, many can give you verbal quotes without running your credit.

    Try to beat their rates with your potential PML. If you can't get the money, you at least have fall back options.

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