Southern California hard money lender

[Shawn Couch]

I wanted to ask if anyone has had any experience doing business with a specific lending Group located out of San Clemente?  I'm not sure if I am allowed to name them specifically in the forum so if you are curious and think you can help, private message me or email me at [email protected].

I have an LOI for a deal I want to buy and the rate and term are real good, however they do ask for a $3000.00 "due diligence / doc fee" applicable to the points at closing and I know that this can be a red flag.

Thank you in advance for your input.

Shawn

[Robert Sepulveda]

what rate and term are they quoting you? Unless it's really good and they have a good rep for performing, I'd stay away.

you can get 10-11% and 3 to 5 pts all day long with your only upfront being the appraisal.