That rate sure beats the 12% + 2 points of my last hard money loan.  

That is going to make finding a deal that makes sense difficult, especially in this interest rate environment. 

So it started raising questions.I think the rate and terms worry me more than the misspellings, but I would probably pivot from that group. 10 year treasury is at 4.42% right now (as I type this) so 5% is.... doubtful.

Traditional 30 fixed rate year mortgage How did you add value to the deal?

From a lending standpoint, most loans <$150k loan amount has the highest risk and, therefore, higher rates.

Depending on how elaborate the note is or whether it's simple and fixed rate will and if it's in a primary or secondary position will determine the overall cost.

Since then my rates have gone up and the deal isn't as attractive.

We will certainly get things wrong sometimes, like every real estate investor I know, but have a very high conversion rate. 

🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 7.01%30-year VA rate today is 6.46% 💰 Median Sales Price:February: $460,000March: $475,000📈 New Listings:February: 1,669March: 1,798📅 Median Days on Market Until Sale:February: 21March: 16⚾ Oakland A's Move to Sacramento for Interim Ballpark: The Oakland A's have announced their relocation to Sutter Health Park in Sacramento starting next season, sharing the Minor League stadium with the San Francisco Giants' Triple A team, the Rivercats.

You can use this tool to figure out that part: https://docs.google.com/document/d/100dRzu-iQEIZbR1adxIASdH2...Once you have that you should engage a local broker to discuss the options for those types of uses in your market and they will be able to help you understand the overall picture and cap rates of the various options.