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Updated over 8 years ago on . Most recent reply

Marcella Sykes's profile image
Marcella Sykes's profile image
Marcella Sykes
  • from Norfolk, Virginia
  • Member since Aug 29, 2016
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15
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Marcella Sykes's profile image
Marcella Sykes's profile image
Marcella Sykes
  • from Norfolk, Virginia
  • Member since Aug 29, 2016
Connect
Marcella Sykes
  • Norfolk, VA
3
Votes |
15
Posts
Creative Real Estate Financing

Hard Money Loan

Marcella Sykes
  • Norfolk, VA
Posted

Hi Everyone,

This will be my first attempt to secure a hard money loan and I would like to know what to expect.

Is the loan based on LTV or ARV. What type of interest is the norm, how many points should I expect? How long can a short term loan be? What type of payments should I expect on a $100,000 loan? What type of things should I be alert to that may make it a bad deal?

Thanks

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