Portfolio loan questions

[Jessica Flint]

I'm talking to a lender about taking my only 5 rental properties and doing a portolio/blanket loan.  The loan amount is $400,000.  He quoted over $14000 in closing costs!  Is this normal??  It would be a 30 yr fixed at 5.925% interest.  I was really hoping for a 20 yr fixed.  I thought that was normal?  Also, those closing costs!!! Any advice or referrals would be greatly appreciated!