Many people are curious about Private Money Lending interest rates.
With private lending, the real estate investor will typically see higher interest rates than conventional lenders. This is because Private Money Lenders can’t charge interest over a 30-year schedule like a conventional lender. We offer short-term lending with terms of 3 to 18 months.
Private Lenders are different from banks!
We are a short-term lender
Private Money Lenders typically charge about 12% to 16% interest.
It may sound high, but what most people don’t realize is you’re able to significantly reduce the amount of interest paid by how long you hold a loan.
The visionary and dynamic leader of Nova Money Lenders, LLC, an emerging private money lending institution. With a passion for innovation and a deep understanding of the lending landscape, Elizabeth is dedicated to driving the success of the company.
Drawing from her extensive experience and solid educational background, including a BSC in Mathematics and Physics from the University of Guelph, Canada, and a Certificate of Marketing from McGill University in Montreal, Canada, Elizabeth has developed a comprehensive knowledge of market trends, risk assessment, and strategic financial planning.
Throughout her career, Elizabeth has focused on both the investing and lending sides of the real estate sector, accumulating over 35 years of experience. She has honed her skills in various specialties, including real estate wholesale, fix and flip, rental properties (single family and apartment buildings), mortgage notes (1st and 2nd) (performing and non-performing), creative financing, foreclosures, short sales, and more.
Outside of her professional pursuits, Elizabeth indulges her love for fine jewelry, even becoming a bench jeweler, a budding gemologist, and a diamond appraiser.