Feedback on potential loan option

[Abraham Corral]

I am getting a loan from a HML for $650,000. 4.5% interest for fixed 30 years with 2 points.

Paying only initiation fees, 40% of which need to be paid to initiate the loan and the other 60% can be rolled into loan payments. 

Just wanted to get some opinions on whether or not this is a good option.

Any feedback is appreciated! 

Thanks