Private Lending Interest Rates Update Q2 2024

In this video, Rocky Butani provides an update on interest rates for private mortgage lending as of the end of the 1st quarter of 2024. While private lending is mostly for short-term bridge loans secured by residential investment properties, it also includes small balance commercial real estate lending. It’s also known as hard money lending. Many private lending companies also fund DSCR long-term rental loans for residential properties and small multifamily properties up to 10 units. The data was provided by Lightning Docs, a loan document software company operated by Geraci Law Firm.

Visit our website to find the average interest rates in each state: https://pllk.io/find

Private Lender Link, Inc. is licensed by the California Department of Real Estate (CA DRE Lic. 02057741). Rocky Butani is the company's designated officer: CA DRE Broker Lic. 01893537