Avatar's Blog

» Avatar Cuts Rates Even as Interest Rates Rise

Posted on 10/4/2005

Over the past months interest rates for hard money loans has risen between and 2-5% across the industry. Some lender tie their rates to LIBOR; others like Avatar Financial Group tie rates to the Prime Rate. As the prime rate has risen from a low of 4% to just under 7% today, Avatar has worked hard to lower rates, keeping hard money as affordable as possible for borrowers. Current rates at Avatar are as low as prime +6%.

 

Posted in Avatar's Loan Criteria