Hard money terms

I heard anywhere from 10-20% and 1-10 points, what is the norm? what is a great deal? and what kind of hard money terms should you watch out for?

It seems like 4+ points is the norm, 11-18% interest. I don’t think there are many HML lenders that charge less than 4 points…but I might be wrong.

Also see what fees they charge (‘processing’ fees)etc.

Watch for terms that don’t make sense for your deal. If you can get a better deal somewhere else go w/ the better deal.

my rates are %15 and 5 points…I only do %50 LTV…and borrower must have collateral or money invested…