No. Most or our hard money deals require interest-only payments that usually “balloon†in 6-18 months, meaning the entire principal must be paid back at that time. We sometimes can do an amortized loan on a rented property or building.
No. Most or our hard money deals require interest-only payments that usually “balloon†in 6-18 months, meaning the entire principal must be paid back at that time. We sometimes can do an amortized loan on a rented property or building.