Below you will find the APR Disclosure for the example interest rates noted on various pages at eLendDirect.com for our conventional and hard money interest rate examples. Rates, loan amounts, loan fees, costs, and loan term are used for example purposes only and are based on commercial property loans.
CONVENTIONAL RATE/APR EXAMPLE
5% Interest Rate APR Disclosure
Assumptions
- Loan Amount > $1,000,000
- Interest Rate > 5%
- Total Loan Fees (including 3rd party costs associated with loan) $20,000
- Amortization Term in years > 25
APR: 5.1997%
HARD MONEY INTEREST RATE/APR EXAMPLE
9.99% Interest Rate APR Disclosure
Assumptions
- Loan Amount > $1,060,000
- Interest Rate > 9.99%
- Total Loan Fees (including 3rd party costs associated with loan) $60,000
- Amortization Term in years > 25
APR: 10.7124%
