Hard money loans/lenders in Las Vegas Nevada

[Brad Bellstedt]

Hey BP!

I'm running the numbers on a property and its been a while since I've asked around about hard money rates in Las Vegas so I'd like to pose the question to the community and see what kind of responses we can get. Also, I'm not 100% sure of the process so I've got a couple of follow up questions as well. 

For round number's sake, lets say I want to purchase a property for exactly $200,000. How many points should the borrower expect to pay? What interest rate can the borrow expect to incur?

Also, when buying a property with a conventional loan, the closing costs are about 2-3% of the purchase price. Is that generally the rule for private money loans as well? If not, what % of the purchase price would you say the typical closing costs would be for hard money loan? Last question in the series...When are the points paid? Is that something that is paid up front or rolled into the closing costs?