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Updated over 12 years ago on . Most recent reply

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David -
  • South Carolina
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hard money loan

David -
  • South Carolina
Posted

how are hard money loans structured? are they amortized or interest only?

if you got a 3 year hard money loan would you pay interest monthly for 3 years and pay principal in balloon payment after 3 years?

thanks

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

In my experience, they are generally interest only. Most HMLs are short-term; I could imagine longer-term HMLs being amortized, but I've never seen that...

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