Current Hard Money Lending Rates? (Jan 2020)

[Nigel Prentice]

Hello,

I've done a few deals as a private investor, lending money out to buddies who are doing fix and flips and buy and holds. My money is lent to them to acquire the property and for construction costs. Things have gone very well so far, and I'm looking to scale this out.

What are the current terms people are seeing in the marketplace for hard money lending?

1. Interest Rate?
2. Upfront Points?

I'm doing deals in Houston, Texas, but any feedback is much appreciated.

Thanks a lot,

Nigel