Private Money: Debt Partners

Marty Boardman

Chapter Chapter 22 in Fixing and Flipping Real Estate, 2013, pp 181-184 from Springer

Abstract: Abstract Debt partners (also known as private money or hard-money lenders) don’t care about an equity position in your deal. All they want is a stable rate of return. And since the property you want to buy is distressed, don’t expect to get a sweetheart interest rate from a private money lender. If you find a mom-and-pop lender, they’ll probably want 8%–10% simple interest. The larger, more institutionalized lenders want 12%–18%.

Keywords: Private Money Lenders; Simple Interest; Institutionalized Lenders; Equity Partners; Hard Money (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-1-4302-4645-9_22

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