Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago, 07/21/2016
Lender Advice
Hi BP folks!
I want advice on a lender that I might be working with.
She's not asking for any upfront fees, but she does ask for a due diligence fee of upto $75,000 that is held in a escrow account in NY. She is asking for POF of the $75,000 before she will introduce me to any reference. The LTV is 97% with the due diligence fees rolled back into the loan at the time of closing.
I know there's isn't much information here but can you please point me in the right direction. Is this lender legit? I've googled her name and company name and it doesn't come up with reviews good or bad.
Thank you,
Maisa