Hard money loans are usually for six to 24 months, however certain lenders may provide longer terms up to 36 months. Interest rates can range from 8% to 15% or higher, and a balloon payment may be required at the conclusion of the period.
Hard money loans are usually for six to 24 months, however certain lenders may provide longer terms up to 36 months. Interest rates can range from 8% to 15% or higher, and a balloon payment may be required at the conclusion of the period.