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  1. 06-20-2016, 06:44 PM #14
    Cfairbank
    Cfairbank is offline
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    Quote Originally Posted by FUNd View Post
    A SIX month 1.37 real estate backed loan for 115k and you just said "it doesn't get any better than that"? 74% APR for a fully secured loan?!? I just choked on my chicken bowl.
    Ha! Here's something that will make you choke again: the APR is actually closer to 150% (not including fees) assuming straight-line daily amortization -- straight-line weekly amortization around 135% not including fees.
    Last edited by Cfairbank; 06-20-2016 at 06:48 PM.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com
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