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Updated almost 6 years ago on . Most recent reply

Keith W.'s profile image
Keith W.'s profile image
Keith W.
  • Investor
  • from Massachusetts
  • Member since Oct 17, 2019

User Stats

122
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11
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Keith W.'s profile image
Keith W.'s profile image
Keith W.
  • Investor
  • from Massachusetts
  • Member since Oct 17, 2019
Keith W.
  • Investor
  • Massachusetts
11
Votes |
122
Posts
Buying & Selling Real Estate

Hard money interest only payments

Keith W.
  • Investor
  • Massachusetts
Posted

For example, there is a $100k rehab loan. The investor requests a draw for $10k to cover the first part of construction. 

Are the interest-only payments based on the $100k or Just the amount drawn? In this case, the 10k? 


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