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Updated over 8 years ago on . Most recent reply

User Stats

15
Posts
3
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Emily Reynolds
  • Investor
  • Tampa, FL
3
Votes |
15
Posts

Hard Money Lender Monthly Payments

Emily Reynolds
  • Investor
  • Tampa, FL
Posted

When using a Hard Money Lender I understand that there is a loan origination fee but what I am confused with is this: What are the monthly payments on a HML assuming that it is 15% interest on a $100K loan. What would the monthly payments be. The math would be $15K but I am finding it hard to believe that this is accurate. Thank you for clarification :)

Most Popular Reply

User Stats

313
Posts
207
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Stan Sugarman
  • Investor
  • Decatur, GA
207
Votes |
313
Posts
Stan Sugarman
  • Investor
  • Decatur, GA
Replied

15k would be the yearly interest. The monthly payment is 1250.

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