Grow your real estate investing business with the most competitive and transparent private lender for bridge loans (hard money, fix & flip, rehab, ground up construction), DSCR rental loans.

Private Lender for DSCR Loans and Fix & Flip Loans | OfferMarket

Private Lender for DSCR Loans and Fix & Flip Loans

An appraiser is a licensed real estate professional who has completed at least 150 hours of courses and accumulated 1,000 hours of experience. No college degree is required.


 

## Related terms
- [Certified General Appraiser](https://www.offermarket.us/real-estate-glossary/certified-general-appraiser)
- [Certified Residential Appraiser](https://www.offermarket.us/real-estate-glossary/certified-residential-appraiser)
- [Trainee Appraiser](https://www.offermarket.us/real-estate-glossary/trainee-appraiser)

A Licensed Residential Appraiser is a licensed real estate professional who has completed at least 150 hours of courses and accumulated 1,000 hours of experience. No college degree is required.

Licensed Residential Appraiser - Real Estate Glossary - OfferMarket

What is a Licensed Residential Appraiser?

A real estate appraisal is the process of developing an opinion of value for real property. Appraisals are performed by licensed real estate appraisers.

 

Appraisals differ from Broker Price Opinion (BPO) and Real Estate Valuation in that appraisals can only be performed by licensed real estate appraisers.

 

You can receive a [free real estate valuation estimate](https://www.offermarket.us/tools/free-real-estate-valuation), compliments of OfferMarket.

Real estate appraisal is the process of developing an opinion of value for real property. Appraisals are performed by licensed real estate appraisers.

Appraisal - Real Estate Glossary - OfferMarket

What is a real estate Appraisal?

An individual training to become a licensed real estate appraiser who has completed at least 75 hours of education.

 

## Related terms
- [Certified General Appraiser](https://www.offermarket.us/real-estate-glossary/certified-general-appraiser)
- [Certified Residential Appraiser](https://www.offermarket.us/real-estate-glossary/certified-residential-appraiser)
- [Licensed Residential Appraiser](https://www.offermarket.us/real-estate-glossary/licensed-residential-appraiser)

A Trainee Appraiser is an individual training to become a licensed real estate appraiser who has completed at least 75 hours of education.

Trainee Appraiser - Real Estate Glossary - OfferMarket

What is a Trainee Appraiser in real estate?

Has completed at least 300 hours of appraisal education and accumulated 3,000 hours of experience (at least 1,500 in non-residential appraisal work). Bachelor's degree or higher from an accredited university is required.

 

## Related terms
- [Certified Residential Appraiser](https://www.offermarket.us/real-estate-glossary/certified-residential-appraiser)
- [Licensed Residential Appraiser](https://www.offermarket.us/real-estate-glossary/licensed-residential-appraiser)
- [Trainee Appraiser](https://www.offermarket.us/real-estate-glossary/trainee-appraiser)

A Certified General Appraiser has completed at least 300 hours of appraisal education and accumulated 3,000 hours of experience (at least 1,500 in non-residential appraisal work). Bachelor's degree or higher from an accredited university is required.

Certified General Appraiser - Real Estate Glossary - OfferMarket

What is a Certified General Appraiser in real estate?

### What is a short sale?
A short sale is the sale of real property in which with proceeds will not cover the outstanding mortgage principal (loan amount).

A short sale is a sale of real property in which with proceeds will not cover the outstanding mortgage principal (loan amount).

Short Sale - Real Estate Glossary - OfferMarket

What is Short Sale in real estate?

## What is Dutch Interest?

 

Dutch Interest, also known as [Full Boat interest](https://www.offermarket.us/real-estate-glossary/full-boat), is when a private lender charges interest on the full loan amount, including the construction holdback that has not yet been disbursed to the borrower.

 

For example, let's say you have a $100,000 construction loan from a private lender at 10% interest. The lender uses a [draw request process](https://www.offermarket.us/frequently-asked-questions/what-is-the-draw-request-process-for-offermarket-capital-construction-loans) to reimburse you based on progress completing your [scope of work](https://www.offermarket.us/real-estate-glossary/scope-of-work). You may not have received any of your construction loan holdback but you are still paying interest monthly on the full $100,000 portion of your loan. That's $833.33 per month for funds you have not even accessed yet.

 

## Do all private lenders charge Dutch Interest?

 

When evaluating private lenders, it's important to confirm whether they charge dutch interest or ["non-dutch" or "as disbursed" interest](https://www.offermarket.us/real-estate-glossary/as-disbursed). You can save a lot of money by avoiding dutch interest.

 

Unlike most private lenders, OfferMarket charges interest on an as disbursed basis -- you are only charged for the portion of your construction loan that is actually funded to you. We believe this is the most fair arrangement and aligned with [our mission](https://www.offermarket.us/about).

 

## Fix and Flip Bridge Loan Quotes

 

[Get a quote](https://www.offermarket.us/loans) in under 1 minute from OfferMarket.

Dutch Interest is when a private lender charges interest on the full loan amount, including the construction holdback that has not yet been disbursed to the borrower.