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Updated over 4 years ago,

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2
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1
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Christie Mroz
1
Votes |
2
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Will hard money lenders or angel investor ask for fees up front?

Christie Mroz
Posted

Needing some help.  I have come across a few lenders, both hard money and angel investors, that are willing to invest in my "project".  I've been asked by all of them, so far, for 1-2% of the total loan up front.   Since it's a high dollar amount I am asking for the fees range from $5,000 - $14,000, to be paid, up front, my account to theirs.  Having a hard time with it.  I've dug deep enough on a few of them to figure out it was a scam, but the few left .. I can verify a LOT of details, but I am still having a hard time with it.  I'm new in the business, so I hate to learn the hard way on such a high dollar amount. 

 ANY help on this would be HUGELY helpful.

THANK YOU SO MUCH

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