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Updated almost 6 years ago on . Most recent reply

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Jackson Long
  • Investor
  • Memphis, TN
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Real world hard money numbers

Jackson Long
  • Investor
  • Memphis, TN
Posted

for people who are actively getting hard money loans and actively funding them... Can you share with me the deal parameters you are getting? Points interest rate LTV interest paid monthly versus at the end excetera...

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Originally posted by @Jackson Long:

Been doing interest as a balloon else paying the note or of the loan during construction. Lender wants to change that which I don't so much as object to as that he is saying no professional lender does it like we've been doing. 

there are lenders that will accrue but 90% want monthly payments  if you want accrued interest expect to pay more 

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JLH Capital Partners

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