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Updated about 11 years ago,
Private Money - What's considered a good deal these days?
Hey BP...I have noticed a few private lenders in my area offering minimum loan amounts, for example $80,000 min loan amount. They all require a down payment of at least 20% - with points of course. Just wondering what is considered "normal" these days (in terms of rates, points, loan amounts, etc) when it comes to private funding? What are some of the best deals you guys have seen out there for private funding? I'm interested in getting a loan to purchase and also for rehab costs, depending on how big the rehab is....