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Updated about 7 years ago on . Most recent reply

User Stats

43
Posts
11
Votes
Pra Che
  • Investor
  • West Coast
11
Votes |
43
Posts

What’s reasonable private lending

Pra Che
  • Investor
  • West Coast
Posted
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.

Most Popular Reply

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4,248
Posts
2,626
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Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
2,626
Votes |
4,248
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Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
Replied

Pra Che 6-15% annually is the range based on track record and LTV.

  • Lane Kawaoka
  • Loading replies...