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Updated over 5 years ago,

User Stats

40
Posts
4
Votes
Daniel Coleman
  • Developer
  • Arlington TX (arlington, tx)
4
Votes |
40
Posts

Can the developers fee be added in the loan (asking for a friend)

Daniel Coleman
  • Developer
  • Arlington TX (arlington, tx)
Posted

A friend of mines is working with a capital firm, he is going up for financing with a bank, the question that he asked is can his development fee be added to the construction estimation or can a development be apart of the loan? So for example, if the development fee is $20,000 and the construction cost $120,000 then construction would be $140,000? Does the bank pay a developer fee? And this is his project.