many HML will call themselves private money lenders to give the illusion of cheaper rates and easier terms.Private money is just that individuals with funds to invest that are Private they dont hold themselves out as in the business of lending.normally this would be friends family or other high net individuals you may already know who want to do deals with you.

Is not it prudent to pay by all cash to avoid high interest rate at this time?

However, I'd advise steering clear of Harris County, particularly in Houston, due to the excessively high taxes.

Any advice or responses are much appreciated.On a new build, I’d highly recommend using a gc, too many moving parts (literally) to keep track of, & if you screw something up, it could be a massive disaster. 

The interest rate you were quoted is not high.  

Price too high, location...?

I see listings all the time on Facebook marketplace for rooms to rent, even though they’re not the greatest quality listings.

That’s a very loaded question, as it’s highly specific to your situation.

This Mountain Modern condominium has high-end finishes in kitchen and bathrooms including heated floors and custom built-ins in the living room.

Why not just go to a bank or private lender rather than play with that very high interest money?