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Updated over 7 years ago,
Hard money lender payment structure
Hello BP community, I'll be using the BRRRR strategy with my properties and considering hard money lenders. My questions are, how does a hard money lender expect repayment of the loan? In one lump sum after a pre determined amount of time or monthly payments, etc.? From your experience what are some common things to prepare for to secure a loan? I appreciate any information!