General Loan Parameters

hard-money-loan

The Private Money loan option is an alternative solution to secure financing when banks say NO.

 

General Loan Parameters:

Loan To Value: 65%

Interest Rate: 8% – 12% 

Payment: Interest Only

Loan Term: 3 Months – 3 Years

Pre-Payment Penalty: 3 Months

Fees: 2-4 pts

Seller Carry: Allowed

Lien Position: 1st & 2nd