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  1. 04-03-2007, 08:16 PM #1
    bkar
    bkar is offline Renter
    Join Date
    Feb 2007
    Location
    California
    Posts
    2

    Default Hard money loans.

    For those of you in California:

    What is a "reasonable" interest rate for borrowing hard money. The minimum I was quoted was 14%.
    Is it reasonable, or "usually" more (or less)?

    What is a reasonable number for points?
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  2. 04-03-2007, 08:21 PM #2
    TJ2007's Avatar
    TJ2007
    TJ2007 is offline Condominium
    Join Date
    Dec 2006
    Posts
    325

    Default

    I would say somewhere between 10-16% is normal, often up to 4 points

    Often depends on the property and how much money is floating around at the time.
    TJ
    www.PropertyConsultantsInternational.com
    www.MortgageConsultantsInternational.com
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