How much does your private lender require you to put down?

[Jason Martins]

We all know that most Hard Money lenders will require 10-30% down payment on a deal just so you have some "skin in the game". But do find that private lenders are different?

I have used a private lender that has not required any down payment so I have gotten 100% loans for deals. I know not all private lenders are that generous. I'm wondering if anyone else has had the same good luck with private lenders and if not, how much "skin in the game" have your private lenders asked you to put in on a deal? 

Thanks!

[John Thedford]

If you are getting good rates HOLD ON to this guy, send him Christmas presents, and let him know how much you appreciate him. I just had my profile changed from "private lender" to HML due to my buddy @Bill Gulley raising the issue. FYI, I never fund more than 80%. Some borrowers get less. It depends on the risk. I cut way back on LTV on vacant land. Are you using your PL funds to flip or buy and hold? I also borrow private money and I pay between 6-7%, straight amortization, for up to five years.