Hard Money Loan Application

[Daniel Rubenstein]

I am working on a getting a HML on a 4 unit property. My first time using this HML and I just received their application. Their application is extremely extensive (seemingly). They ask for all my RE owned, name and account info for all my assests, all my other mortgages, etc. They are asking for %20 down, plus 2 points, plus a 1200 "application fee" for documents and inspection, @ 12% for 12 months. Is there something wrong here? Should I find another HML?? TIA!!