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Updated over 4 years ago,

User Stats

122
Posts
11
Votes
Keith W.
  • Investor
  • Massachusetts
11
Votes |
122
Posts

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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