Using Hard Money

[Griffin Fehrs]

So, I have a great opportunity on a home. I do have an investor who verbally committed to be willing to work with me, however, isn't the most time efficient nor easiest person to get a hold of.

Therefore, I am quickly exploring my options.

My question is, how might an investor adjust his MAO when using a hard money lender, if at all?

One lender I spoke to said his loan would come with 3 pts and 15% interest, high because the loan will cover purchase + rehab.

I did a few searches looking for my answer but no solid luck, so I started this thread.

Thanks!

Griffin