Updated about 3 years ago on . Most recent reply
Short-term (0-3 years) Lending Options
What shorter-term lending options are available to smaller real estate investors and what are the terms that are generally available (max lending, interest rate ,security, etc.)?
Most Popular Reply
Most hard money is going to be 6-18 months, anywhere from 9%-15% interest only for fix and flip.
Currently, the most experienced investors are enjoying 85% LTC
Average investors are being offered anywhere from 75%-85% LTC
Beginner investors - 75%-80% LTC
Security will usually be 1st position lien against the property - few lenders allow 2nds.