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How Hard Money Lending Works: 10% Payment Explained
2 years ago
Are you looking to borrow money from a hard money lender? With this loan option, you can typically expect to pay around 10% of the loan value - but for those new to this type of financing it could be as low as 8%. That's an annual payment on top of your loan amount - so the $250,000 loan would have an annual payment of $25,000.
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