Frequently Asked Questions

Current Private and Hard Money loan rates range from about 5.5 percent to 12 percent. Most hard money lenders also charge points on a loan. Points are origination fees that help handle the administrative costs of the loan and mitigate the lender’s risk. One point equals one percent of the loan. For hard money loans, points can range between 2 and 4 percent of the total loan amount. Points are usually paid once upfront when initiating the loan, whereas interest is paid on a monthly basis.
We lend Nationwide and the Caribbean.
Private and Hard money loans for non-owner occupied properties can take up to 1-2 weeks for approval as they have fewer regulations. Whereas commercial loans can take a longer time to be approved.
Draw schedules are typically proposed by the contractor and may be further negotiated between the contractor, the bank. In most cases banks use their own standardized draw schedule.
Contact us today at 305-440-7630 for a free consulting session. Licensed Mortgage Lender: Unlike other Private/Hard money lenders Projectum Capital is a fully-licensed and insured mortgage lender that’s A+ rated by the Better Business Bureau.

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