Input on rates for a single family in Southern California
I am house-hacking right now and need some funds to finish the project with the goal of listing it asap.
I started exploring financing and realize I don't have a benchmark in this market. So far I have an offer for 2 points, 9.5% for hard money plus appraisal.
I am looking for 100k and have about 400k equity on a 700k property in a hot neighborhood.
Have you encountered anyone able to do better??? Can you yourself???
Ideally let's discuss ways to put more deals together and make more money.