Hard Money Lenders - What Should They Be Charging?

I am new to investing. I am looking to buy property in the Baltimore/Washington Metro Area. Typically, what interest rates and fees are hard money lenders in this area or other charging?

Comments(1)

  • InActive_Account10th October, 2004

    It varies widely upon dealt type the lender ect.

    I have seen points go from 2 to 10.

    I have seen interest rates from 8 to 20.

    I know one investor who went to one in your area they quoted her 6 points and 18% interest.

    I know of others that lend in your area for less. But they all have requirments for the kind of deals that they will do.

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