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Updated over 9 years ago,
Hard Money vs Private/ Ideal Terms
I need to here from the many exceptional people on this forum about what are great terms on hard money and private loans. I need 50% of the cost for a residential construction project where my company has partnered with an experienced builder. I expect a 4 month turn around with build time and sell.
If I ask a private investors for the cash what would be good terms if I asked a hard money lender what would be a win win situation. I understand there are professionals here with vast financial knowledge but keep it simple. If anyone has been on either side of either transactions please share.