Turn Key Profits with Hard Money Lender Secrets

Costs and Considerations

While hard money loans offer many benefits, they also come with higher costs compared to traditional financing. Interest rates for hard money loans typically range from 8% to 15%, with additional fees such as origination points and closing costs. It's crucial for investors to factor these costs into their financial planning to ensure that the potential profits outweigh the expenses. Despite these costs, many investors find that the speed and flexibility of hard money loans make them a worthwhile option for financing real estate projects.