bridge loan payoff fee

[Pamela Starnes]

I have a bridge loan on a property that I am now trying to refinance.  My bridge loan contract includes a payoff fee if I do not utilize the same lender to refinance through.  I wasn't thinking this would be any issue since I have financed multiple properties through them, but in this case for unique reasons does not look like they have a lender in their network that can refinance this.  Wondering if this is still a legitimate fee they can charge me if I have to refinance with another company because they don't have the ability to get the refinance done.  Any thoughts/suggestions would be appreciated!