Interest Rates and Loan duration?

[Ashton Sharp]

What kind of interest rates and loan durations can I expect to find with a hard money lender? I understand they typically run high, but how high? Is there a standard?

[Mark Fedorov]

10-15%, the duration would be there estimate on the time of the project, max of 2 years, 1 year is more common.

If you are starting off new, you should be expecting to put more money down (30-50%), if you find a new Hard money lender you may get a lower rate, but don't expect anything close to a bank rate.