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Hard money loans are expensive and are called predatory loans because the hard money lender usually loans a low enough percentage of the After Repaired Value (ARV) that he has minimal or [url=http://bbs.eqiniu.com/home.php?mod=space&uid=3789][/url] no risk if the investor defaults and he has to foreclose.
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Our experience is that 90% of the sellers take the 6% because they like to know that you are doing well and their measure is this monthly check. If the investor needs his cash flow, he can offer a higher deferred rate such as 10% which usually works. It can be seen that creative financing techniques can propel an investor into many more deals than using his or borrowed cash.
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