To fully understand the problems of any excessive regulatory burden, it is necessary to consider just how small the majority of lenders are and how and why they currently exist.

The rate is 1% for the first 200K in value, 2% on amounts in excess of 200K.If the property is non-residential or mixed use, you will pay the federal Goods and Services Tax (GST) on that portion of the property's value which is is not residential.  

Not every project fits every investor, you need multiple capital sources with different appetites and goals.  

I know hard money can be expensive ( pts, 8%-12% plus every fee they can stick in the agreement ) but the expense deposit appears to be excessive to to get started.I appreciate all feedback

We're in the midst of moving 5 duplexes with conventional loans into a single commercial.As for terms (eg; balloon or otherwise) - a lot is going to depend on your appetite for risk. 

Otherwise send them a letter asking for an explanation of the excessive charges.

I thought it was a little excessive.

., to the face of someone who leaned down to pet it), a slice from broken glass, or a freak accident which renders someone quadriplegic, can and has, resulted in claims in excess of many insurance policies, and in the last example, led to a claim of close to fifty million. 

Have an additional umbrella policy on the property to cover excess liabilities and lawsuits. 2.

Absent creditor claims in excess of your offering price, you should be successful.