Private money lenders

[Emanuel Soto]

Hey everyone, I am new to real estate investing and just had a question about private money lenders. If a private money lender loans me money for my down payment, how long would I have to pay him back and what would be the interest rate? 

[Patrick Prunty]

In my experience, private lenders don't lend down payments. I assume you are thinking you can borrow the down payment and couple that with a more traditional/conventional type loan? A private lender would be willing to make a high LTV acquisition/rehab/bridge loan and then you can refinance that loan with a traditional/conventional type loan, hopefully at an increased property value in the future so that you can get enough money back on the refi to payoff the private lender.