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Updated over 8 years ago on . Most recent reply
Can you refer a lender with less interest rate?
Hi investors. I'm looking for a hard money/private money lender who charges less interest rate(under 10%). Can any of you refer your best funding sources. Please explain interest rate, points and the terms they offered or required. Please ONLY references with whom you or someone you know have personal successful experience. Thank you very much for your input.
Most Popular Reply

Let me save you the trouble,you aren't going to get it.Hard money lenders don't compete for business anywhere near what real banks do so they have no desire to drop their rates for you unless you are going to buy several million dollars worth of properties with them over a very short time span.I have spoken to 10 of them and can't get anyone below 10.99%.