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Updated over 11 years ago on . Most recent reply

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Larry K.
  • Investor and Architect
  • Ramsey, NJ
84
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305
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Do private lenders/HML do 30 year loans?

Larry K.
  • Investor and Architect
  • Ramsey, NJ
Posted

I know private and HML do short term loans to have permanent financing put in place by a bank after rental is renovated/stablilized.

Do private or HML also provide permanent financing such as a 30 year mortgage. If yes, what are the rates?

Most Popular Reply

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Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
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Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
Replied

I once loaned a friend $1500 and I expect that I will never see a penny of it back. So that's theoretically an infinite number of years I guess.

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