Typical Hard Money Fees (by category, not amount)

[Karin Crompton]

I'm looking for some info on what's considered typical vs what fees would be indicative of a bad lender - not the dollar amounts, just the categories, though if there are standard $$ ranges to be aware of, please say so. I'm looking to compile a checklist of sorts for myself to better facilitate the process (until I meet more private lenders and break up w/these HML's!).

I understand the basics: varying amounts of points, high interest rates, we have to put some of our own money down, the lender may or may not fund rehab costs.

We're talking to some HML's for an upcoming closing on a single-family rehab project to compare rates, terms, etc. The first one we spoke to sounded interested on the phone and wants to come to the house to "inspect" it. He's charging $425 for this.

What else should I be aware of? I've heard HML's sometimes find "problems" with the house so they can send people out for one inspection after another, charging each time. How many other fees and inspections are there going to be in addition to the regular terms?

Thanks for any input!