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Updated over 4 years ago,
1 week loan of $10,000, at what compensation rate
I bought a house last week while driving out of town for 5 days. I literally was signing an offer on Docusign in a parking lot halfway to my destination. I got the call to let me know that we got the house that evening. Now I'm out of town & Friday night. I have to get a $10,000 deposit cheque to the selling agent's office the next day.
I call my friend that has done some loaning to me before. I asked him to get a cheque to the agent & thankfully he did.
It was not discussed how much I would compensate him for this.
$10,000 for 1 week.
What should I give him above & beyond the $10,000?