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How do you evaluate Hard Money Lenders

Tuesday, December 01

What is the normal ROI and strings attached for local transactional or hard money lenders? I'm reading for transactional lenders 1.9-5% depending on how long you use their money 1-90 days?For hard money lenders I'm reading 8-18% but you're using the money longer than 90 days?Also, what strings do...