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Updated about 4 years ago on . Most recent reply

User Stats

77
Posts
12
Votes
Jackie P.
  • Investor
  • Golden CO
12
Votes |
77
Posts

Current Hard Money Interest Rate for Lot Purchase

Jackie P.
  • Investor
  • Golden CO
Posted
ReplyForward
What is the going interest rate for financing a lot in Pensacola?  Buyer is building her homestead and paying cash.  She has a builder and plans.  She would put down 20% and I would finance the rest.  In the past, I have owner financed for 10-12% and no points and buyer pays any closing costs and legal fees.  Is that still in line since interest rates have dropped?

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