Hard loan 40% down. 4 points. 6 months at 12 percent interest, and this loan balloons at 3 years. Never used a hard loan lender before, so I just wanted to know what you guys think. Thanks.

@Stord Jacob depends on your experience, credit and the deal. I know a lot of hard money lenders have different tiers based on the number of deals done on top of the normal loan qualifications. If it was me, I would keep looking at other options.

@andrew Kerr ok thanks.

@Stord Jacob What happens between 6 months and 3 years? Is it 12% interest the whole way through?

That is odd, usually a 6-month term balloons at the end of 6 months. 

Are they lending rehab as well or just 60% of purchase @ 12/4?