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Updated about 5 years ago on . Most recent reply

Hard Money Loan payments
I'm looking to use a 12 month Hard Money Loan to BRRR. My question is... For 6 months (or however long it may be until I am able to refinance), am I paying just the interest on the loan per month to the lender, or is it a case by case basis?
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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@Pete Storseth I think you mean a blanket loan on 5 sfh’s. No Fannie doesn’t “buy” loans made from private lenders.