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Updated about 7 years ago on . Most recent reply
What’s reasonable private lending
I have talked to a few private lenders and they are all over the board for terms and conditions. I would like to get a sense of what the reasonable terms I should be looking out for.
Just for hypothetical reason,
Purchase price is $1MM
Loan term 6 - 1yr
Credit score- 740+
Multiple rental props
Can do upto 20% down.
Please post what you think are reasonable private funding terms to consider in Seattle area. Appreciate all your comments in advance.
Any other creative idea at lower rates are all welcome.
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