Typical hard money lending rates
What are the typical rates one could expect on hard money loans for short term flips and also for buy and hold investors. I know they vary quite a bit depending on your experience/relationship/reputation etc, but I'm looking for some general numbers. I am thinking about lending in my area to flippers or buy and hold investors that need a short term loan.
Thanks
-John
Most Popular Reply
Rates are typically 9-12% 2-4 points for hard money acquisition+rehab loans.
States with judicial foreclosures tend to be a bit higher, and California (and most west coast states) tend to be a bit lower.