Mortgage Grapevine

looking for hard money loan

Try your local Craigslist to find a local investor. Nobody here is going to take the risk of a 5-10 year construction loan for 6% interest. You might hear from some scammers, but nobody legitimate will be interested.
by adelphos January 23, 2013 3:36 AM

You're asking for a hard money loan on a construction project, yet you're only willing to pay up to 6%? Good luck with that.
by The Tolerant Educator January 23, 2013 1:57 PM

YOWL! 6%? Dude get serious. I wouldnt blink at 14% for what you want---think of your equity gain vs the interest charge. Its worth 14% easy.
by Cedonulli2 January 23, 2013 10:51 PM


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