I am curious if the fees I am being presented are in line with market norms:lender app fee: $10,000Origination fee 1% ($20,000)Lender costs: shows a fixed amount at $10,000processing fee $895registration fee $10,000Title and escrow fees: $4,000 est.6.5% rate fixed at 10 yearsPrepayment Penalty: Yield Maintenance months 1-114 (1% minimum)Third Party ReportsApppraisal Required Engineering Required Environmental N/A Seismic Report N/A Market Study N/A Funded EscrowsReal Estate Taxes Required Prop/Liability Insurance Required Special Assessments N/A Ground Lease N/A Replacement Reserves N/A Required Repairs TBD Debt Service Reserve N/AWould love to hear your thoughts on this as well as what you think is appropriate fees for the freddie mac sbl program. 

I see that most/all lenders include vacancy in their calculation, whereas the other two expenses are sometimes included - depends on the lender.

If you're looking for hard/private money I can tell you that most lenders would want to be at least in driving distance of the property if anything were to come up.

If you have the 80% LTC loan, keep in mind that the lender will likely require anyone with a 20% or more interest (that's going to vary from program to program/lender to lender) to guaranty that loan along with you.

I intend to keep the property and recoup my entire investment + more.Here's a breakdown of the deal:Land Purchase: I secured the land for $200,000.Construction: The construction of this impressive 4-bd, 3-ba property spanning 1800 sq. ft. is estimated to cost around $600,000.Construction Financing: I've partnered with a lender, leveraging a construction loan disbursed in stages.

I am working on a private lender for my first property and have been talking to Warren Fergane.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

As long as the lender is licensed in that state they can do the FHA loan.

The only problem was that I couldn't buy it in my own name (a complicated story, but there was no way for the underwriter to write for the property to be put in my name as the buyer) so i created an LLC with my father and I as managing members and got the funding for it through a hard money lender.

That was back in 2012 and I still use a lot of his tips for getting private money lenders and wholesaling techniques.