hard money lending Q's

[Dan Marro]

Hey guys, question about hard money quote, please advise:

My quote for a loan of ~ $168,000, my first flip

9.5% interest rate (I understand)

Closing Costs

- 1.5% Origination Fee (I understand)

-  $1,495 flat rate Processing fee (I understand)

- $5,000 in 3rd party closing costs (I don't understand)

 In closing costs, I understand they charge you points up front, which goes to title transfer, etc. But I feel like the $5,000 in 3rd party costs is duplicated. That would be around 3 points worth in addition to the 1.5 points on the orig. fee and the $1,495 flat fee. Is this standard? I thought closing costs work out to only 2 - 3 points total, whereas these closing costs work out to around 5.36 points total.

 Thanks for your help,

 Dan