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Updated over 3 years ago on .

Ariela H.'s profile image
Ariela H.'s profile image
Ariela H.
  • Investor
  • from New Jersey
  • Member since Mar 19, 2021
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User Stats

17
Posts
26
Votes
Ariela H.'s profile image
Ariela H.'s profile image
Ariela H.
  • Investor
  • from New Jersey
  • Member since Mar 19, 2021
Connect
Ariela H.
  • Investor
  • New Jersey
26
Votes |
17
Posts
Real Estate Deal Analysis & Advice

Hard Money - what to look for?

Ariela H.
  • Investor
  • New Jersey
Posted

Hi BP community!  I'm seeing wild variations in terms for hard money loans - both bridge and long term.  For those of you who have done deals with hard money lenders, what do you look for?  Reasonable rates (around 7%) and fees (1-2 points) plus no prepayment penalties seems like a good start, but what else should I be looking for?  Any recommendations for a national lender?  

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