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Updated about 4 years ago on . Most recent reply
Private Money Lending Terms
I'm looking for a private money loan to use as gap funding for the rehab on a flip.
I need $30k and should be out of the project within 6 months.
What are fair terms to approach a lender with?
I've never done this so starting from scratch. Any direction would be appreciated.
Side note: I've acquired the house via owner financing with a 12 month ballon.