Private Lending question

[Joy Suh]

Ive talked to some hard money lenders and there number seems to be around 18% which approximately breaks down into about 4 points and 12-14 % rates.

The thing that I disliked the most about talking with them is the fact that they seem to be just a broker. Borrowing money from somewhere else, added a couple points and re-selling.

In the case of private money what are some guidelines that private money lenders use that would make it 'worth it' to them? Lets just say on $100k loan.

Also, what is the ideal length of time that private money lenders like to be repaid?

Thanks in advance

Joy