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Updated almost 3 years ago,

John Hugh's profile image
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John Hugh
  • Member since Nov 22, 2021
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John Hugh's profile image
John Hugh's profile image
John Hugh
  • Member since Nov 22, 2021
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John Hugh
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3
Posts
Private Lending & Conventional Mortgage Advice

upfront fee for hard money lenders

John Hugh
Posted

Hi, can anyone advise if it is normal to charge upfront fee for hard money lenders? I came across "Global Capital Partner Fund LLC" and they ask for 15k upfront fee once LOI is signed and another 1% origination fee once loan commitment letter is issued. Is it normal for hard money lender to charge these fee upfront?

New York City, New York
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