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Learn more about what private money is, who it's for and how you can get it with this guide.
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Hard Money Loan Applications
Notes for Sale
Cost of Hard Money (National Average)
Taken from a survey of our database of 296 hard money and private money lenders, operating in one or more of the 50 United States.
|Average Rate Range||10.80% - 14.68%|
|Average Points Range||3.02 - 6.02|
|Data from 5/19/2013|
This data implies that a borrower who meets the requirements of his or her lenders should expect to pay the following for a short term hard money loan:
Any borrower's rate will be determined by the specific circumstances of their deal. This average is intended to give you a ballpark indication of current market conditions and mortgage pricing.