Virginia Usury Laws

[Jonathan Chan]

Hi, I've been doing some research on the maximum interest rate allowable one can charge on a real estate loan. I've seen that 12% is the max, however, there are exceptions. If a loan is over 5K, is business to business and related to real estate, it can go above it. However, I don't see what I can actually charge. Are there any real estate attorneys in here that service VA that know what a lender can charge?

[Chris Seveney]

Quote from @Jonathan Chan:

Hi, I've been doing some research on the maximum interest rate allowable one can charge on a real estate loan. I've seen that 12% is the max, however, there are exceptions. If a loan is over 5K, is business to business and related to real estate, it can go above it. However, I don't see what I can actually charge. Are there any real estate attorneys in here that service VA that know what a lender can charge?

If its a private lender loan to a LLC there is no usury, its what is in the contract from our understanding and discussions with our Virginia Attorney.