The advantage of having a short term private hard money lender is that this type of loan gives you more time to complete your marketing and sale of the property. During that time, your short term private hard money lender may require interest-only payments or no-payments at all, with all interest collected at the final closing. Many of these lenders also loan up to 100% of the purchase, subject to their Loan-to-Value conditions, generally 55% to 70%. You can expect paying points at closing of your loan, deducted from your loan proceeds. Also expect, minor fees including appraisal, closing costs, including title insurance, document filing, etc.