[abfunders]

If they are charging an upfront fee, its a scam..

Jerry, with all due respect, I closed a hotel hard money construction loan that was for $6mm in December 2020 and the DD fees were $10k. They were eventually credited back from the fees taken out of the loan and fully credited back whatever they didn't use. The amazing part about the $10k was that they appraisal that they had done some 6 months prior was acceptable to the lender, and they just had to reassign it.