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Updated almost 14 years ago,
Private Money
I am very familiar with hard money, however It has been a while since I have used it. I am not looking for a loan, but I do wholesale a lot of properties, and my buyers sometimes need some coin. Back in the day it was 10 points and 18% 24 month balloon. What is the best rates and points that are flowing around today? Also, what are some of the more liberal lenders qualifications these days? Many of my buyers are Newbies and may have a hard time qualifying.
Thanks for your input!