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Updated almost 6 years ago on . Most recent reply

Steve Powers's profile image
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Steve Powers
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Steve Powers
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Steve Powers
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Personal Finance

Good hard money terms?

Steve Powers
Posted
New to hard money lending... is 15% and 3 points a good deal? Or average? Or bad?
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Nghi Le's profile image
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Nghi Le
  • Investor / Lender
  • from Seattle, WA
  • Member since Jun 28, 2014
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Nghi Le's profile image
Nghi Le's profile image
Nghi Le
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  • from Seattle, WA
  • Member since Jun 28, 2014
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Nghi Le
  • Investor / Lender
  • Seattle, WA
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Nghi Le
  • Investor / Lender
  • Seattle, WA
Replied

Depends a bit on the price points too (i.e. under $100k gets more expensive), but typically I see newer investors nationwide getting around 12% and 3pts for a 90% LTC (purchase + rehab) loan for 1 year.

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