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Updated about 3 years ago on . Most recent reply

User Stats

9
Posts
8
Votes
Trey Fankhouser
  • Lender
  • Guymon, OK
8
Votes |
9
Posts

Hard Money Lender/Syndication Group

Trey Fankhouser
  • Lender
  • Guymon, OK
Posted

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