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Updated about 5 years ago on . Most recent reply

Clayton Cerer's profile image
Clayton Cerer's profile image
Clayton Cerer
  • Rental Property Investor
  • from Chicago, IL
  • Member since Aug 6, 2018
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19
Posts
2
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Clayton Cerer's profile image
Clayton Cerer's profile image
Clayton Cerer
  • Rental Property Investor
  • from Chicago, IL
  • Member since Aug 6, 2018
Connect
Clayton Cerer
  • Rental Property Investor
  • Chicago, IL
2
Votes |
19
Posts
Multi-Family and Apartment Investing

Apartment loan and fees associated

Clayton Cerer
  • Rental Property Investor
  • Chicago, IL
Posted

Hello!

We are working on our loan for our first apartment deal. It is a 24 unit property. Fairly clean deal. Loan amount is 1,098,000

Our lender is saying we have about $14k in estimated costs of due diligence, documentation, appraisals, etc. this $14k is outside of the additional $10,098 that we will pay for origination fee... plus we still need to pay our attorney...

Does the 14k seem high??

Please let me know your thoughts!

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