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Updated about 7 years ago,

User Stats

41
Posts
7
Votes
Shalante Davis
  • Fort Washington, MD
7
Votes |
41
Posts

Are the Terms of this Hard Money Lender a Good Deal?

Shalante Davis
  • Fort Washington, MD
Posted

Hello Masterminds!!! I am a new investor, I have completed a JV project lately that turned into a fiasco, but I was able to get out with some profit. Every deal is a new learning experience and I am ready to pull the trigger on my own. I decided to go with a hard money lender that my broker had recommended to me. I would like an unbias opinion of their terms, she stated since I am under by broker she can offer me a good deal. I called several HML and think this sounds good. 0 pt, 10% annual, 65% ARV, and $75 draw fee. Are there any other questions, I should be asking her at this point?

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