Working with Private money lenders to purchase or refinance
Anybody ever work with a private money lender to purchase or refi a property? 

What was your experience like?

Typical origination points, rates, closing time etc.

Thanks!
[{"id": "i25248m", "text": "Depends on the situation but if you expect to close in a few days, expect double digit rates and 2-3 points fees.", "replies": [{"id": "i2556au", "text": "CA broker here. \nThis is not necessarily true in todays market if you go with the right broker/lender. Unless there is a construction component to the deal, right now a regular purchase/refi/cash out is anywhere from 6.99%-7.99% and 1.75-2 points depending on credit and size of the loan. Closing timeframe is within 8-10 business days if the borrower can get the documents back in a timely manner.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i255xm9", "text": "I\u2019m a mezz and pref equity direct lender based out of Los Angeles. We help developers do acquisitions or Refis all the time with private money. I messaged you\nPrivately.", "replies": [{"id": "i2tr3c4", "text": "Pm", "replies": [], "depth": 2}], "depth": 1}, {"id": "i2gjqz5", "text": "I have a mortgage shop and we work with private lenders all the time. They get to make the rules of the deal and can essentially make their price tag whatever they want. I have a deal now on an extremely tight timeline and most lenders have a floor of 2% origination (not 1 in 1 out) and I\u2019m seeing up to 4%. \nClosing times are much quicker than traditional lenders.", "replies": [], "depth": 1}]