Tuesday, October 14, 2008
Got word yesterday that a title company has requested a payoff amount for hard money loan #3. This was a 1 year loan that paid me 10% interest. The loan has only been open for 3 months, so this will be paid off real early if the sale of the collateral property actually goes through. I'm a bit disappointed because I was looking forward to several more months of payments. However, this just means I'll get my principle back and can start looking for another investment.