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Updated almost 8 years ago,
Generally...what's a good rate for a hard money lender?
I was investigating certain hard money lenders and was seeing 15-18% with a maximum term of 5 months...that seemed outrageous to me so I wanted to check in and see what would be considered a "good" rate.
We can use an example of a 30k house with an estimated 20k in rehab.
Thanks so much!