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Rehab-Spec and Small Commercial Hard Money Loans |
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►FAQ
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MayoBay® has two payment options for the convenience of the real estate investor. The rates and fees are determined by a combination of your credit, the property and your experience. Each option is explained below.
With this option the interest is paid monthly for the duration of the loan. The interest rate for this program is currently 15% (tied to the Prime rate). There are from five points to seven points charged for this program.
With this option all interest is delayed until the end of the loan. The interest rate for this currently 17.5% (tied to the Prime rate). There are from six points to nine points charged for this program.
The rates and fees are determined by a combination of your credit, the property and your experience.
The rates, points and programs listed on this page are subject to change.
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