Private Money vs Hard Money Loans

[Scott Alfano]

What have your experiences been like for each loan type? When doing private loans, what kind of interest % are you usually offering to pay? Lastly, what kind of calculators do you use to determine total interest owed for the end of the loan? Most calculators online are for loans with periodic paybacks, not a single lump sum payment. I'm, of course, most interested in private loans, but I am just preparing for a day when that may not be possible and would have to use a hard money loan.