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Updated about 8 years ago,

User Stats

115
Posts
17
Votes
Nick Zocher
  • Wholesaler / Real Estate Agent
  • Oakland, CA
17
Votes |
115
Posts

What Terms Are You Getting For Private Money?

Nick Zocher
  • Wholesaler / Real Estate Agent
  • Oakland, CA
Posted

Hello all, 

I'd like to know what would be considered "good" terms on a private money loan.

I am in contact with a hard money lender who's terms are 9.75% interest and a 1.75% fee. 

Do you get considerably better terms with "private lenders"? Is it worth the effort of finding these "private lenders", or are their rates comparable to those above?

Thanks in advance,

Nick

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