Hard money lender payment structure

[Omar Diaz]

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!

[Omar Diaz]

Jason Hirko

Thank you, I just read your blog about knowing your cost of capital a couple days ago (very eye opening) so any advice from you is appreciated!

Kerry Boyle

That is exactly the kind of thing I'm trying to avoid!