I have a private lender up front fee is it a scam ?

[Mark Crutcher]

I have a private lender who is loaning $80,000 at 4% interest paid back at $266 a month for six months with the $80,000 paid back at the end he's charging $800 origination fee is this a scam ?

[Jay Hinrichs]

I will buy everyone who replied on this thread a steak dinner in Chicago if this is a for real lender

@Jon Holdman  no one lends at 4%  unless its your aunt milly or your parents.. there simply is not enough revenue coming form this to make it worth any one's while.

Private lenders don't advertise they usually don't charge points and they don't put their money out that cheap.. crazy risky and simply not real.