Updated over 5 years ago on . Most recent reply
Private money lenders being paid at the end of the loan term
Hi, are there any private money lenders that will allow you to pay at the end of the loan term instead of month to month? Does this rarely occur?
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Hard money lenders are all over the place. But in the arrangement you want, expect to be paying top-end interest (>14%).
Also, don't expect high LTV. If you default, they want some equity to recoup their investment - Especially if you haven't repaid them $0.01
Good luck and keep us updated - It helps.