Crazy high closing costs for LOC

[Mahinda Horapakse]

I applied for a line of credit from corevest. I qualified for a $1 million line after much paperwork. Now I'm at the point of closing and they say my closing fees will be $10,000. Is this standard?? I'm shocked. I was never told of such high fees unless it was embedded somewhere in the fine print. I have utilized a LOC with a competitor finance company and got charged $0 closing costs.