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Cost of Borrowing in Indiana

How much does it cost to borrow a private money loan in Indiana? The two principal costs that factor into this equation are interest and origination points. An average of the rates of all hard money lenders operating in Indiana is displayed below:

Interest Rates10.73 - 14.56%
Origination Points3.00 - 5.81
Calculated on 5/18/2013Only non-zero data were included

This means that someone borrowing hard money or private money on a property in Indiana with a downpayment and sufficient equity could expect to pay

12.64% and 4.40 points

for a short term hard money loan. Actual rates will vary of course, but keep these figures in mind when predicting the cost of a project or when consulting lenders' rates.