Lenders who use private money
to make loans with borrowers who are unable to access loans via
conventional methods.
There is usually a very high interest rate
associated with hard moneylenders but on great deals they offer
investors the opportunity to make money when other sources of
capital are not available.
Points
Hard Money typically has 3 to
5 points associated with the loan. One point is equal to 1% of
the loan amount.
Percentage
Hard money loans often have
an interest rate of 12% to 15%. Sometimes it's more.
Need a Hard Money
Loan Now?
Contact Manassas House Deals
at 703-229-1715 for a referral to a hard money lender who will
fund your real estate investment opportunities in the Manassas
area.
