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12-01-2021, 11:12 PM #1
There are lender fees and broker fees. Total is usually 5 points. I don't know of any hard money lenders that will have total fees at 3 points. Which suggests you have made an agreement with client with not enough information on how fees are determined for hard money loans...correct? And you still have not stated the location of the property and the type of property. Or LTV.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
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@ Personal Loans up to gross income from personal tax return.
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