I have worked several times with a group in California that offers a loan at 65% of completed value with rates starting at 12.5%. The fees can add up where the total APR approaches 18% but if the numbers are good on the project and there are not other resources this can make sense. These are mostly equity based lenders but they do like to work with borrowers who have a good track record which basically means you need decent credit and (0 comments)