What are the going Hard/Private money rates near you?

[Account Closed]

Curious what kind of rates hard and private lenders are offering near you? 

I am in Boston area- have heard some crazy hard money terms out there recently- 25% down, 5 points, 15% interest. That's an extreme though, I think most are between 20-25% down, 2-3 Points, and 10-12% interest. Also some more creative private lending terms out there- 0% down, 2 points, 8% interest, profit split on the back end (2/3 to developer 1/3 to lender). 

If you're struggling for the down payment and faced with cash flow problems- look for 0% down lenders. They are out there! And they make it possible to take on many more deals at a time & make more money, if you're willing to think outside the box. 

[Jay Hinrichs]

@Andrew Michael  your are exactly correct the PUMP and DUMP due DILIGENCE schemes are rampant on sites like this.

think about it  is there a more target rich environment for scammers than BP a site that is loaded with first time folks who even make post that they are first timers and new investors .. what is a very innocent post turns out to be a lead for a scammer...

Just place on post on this site saying your looking for money.. I flat guarantee you will get hit by no less than 5 of these scammers... Pump and Dump due diligence schemes are as old as Real Estate my dad warned me of them when I first started in RE in 1975....

There was an episode on American Greed about Remington financial.. they were in business over 20 years their target was small commercial to bigger multi or commercial.. they charged 5 to 10k DD fee's estimated they brought in over 200 million in the 22 years they operated.. by the time the FBI was done with them.. they could not establish that they had made more than 11 loans in all those years.... long prison sentences.

your instincts are fine and intact.