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Updated about 3 years ago on . Most recent reply
![Trey Fankhouser's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1098604/1640641637-avatar-treyf9.jpg?twic=v1/output=image/crop=294x294@0x0/cover=128x128&v=2)
Hard Money Lender/Syndication Group
Hello,
I have not had to get funding from a hard money lender yet, and I just wanted to reach out to the group and see if anyone has suggestions on how they typically set up the contract for repayment. I have been looking at possibly making shares for the purchase with the hard money group being a majority share holder of the purchase, or with a repayment structure over x amount of years on the borrowed money. I didn't know what rate hard money lenders typically expect back, and I am just looking for some general advice on what others have done to accomplish their own deals in the past.
The property I am looking at is a commercial property with a single tenant that is triple net and has a 20 year lease with intentions of extending the lease once this contract is up. I look forward to hearing from everyone, and thank you for your time!
Trey