Financial Services Disclaimer: Boyd Hard Money Loans does NOT provide loans loans to consumers. We offer financing for real estate investors purchasing or refinancing non-owner occupied real estate
Our minimum time to re-pay is 1 day, the only additional fees besides origination points are appraisal fee, and $300 document fee if using your own title company. Max terms for our loans are either 1-2 years depending on borrower and property type. Origination points are between 3-6% depending on the property type and state that the property is located in.
Example: On a 100k loan in FL for a single family residential property the interest would typically be $12,000 if the loan is kept for an entire year. If the loan is paid off before the 1 year term the owed interest is $1,000.00 per month. Origination points would be 3% of the 100k loan amount for a total of $3,000. The total annual fees and interest would be $15,000.
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