Private lenders who may charge fees probably can get away with it if not objected to in a closing (like by a title company) but that can become an issue at payoff, in collections or default situations and if the lender is in violation, penalties can be applied.I, as a broker had originations of hard money from 1 to 2 points and origination fees, they were in line with secondary market costs but with a higher rate and usually at 10%.

@Will Barnard , NRD notes are those that prohibit the lender from having any other recourse in collecting amounts due other than accepting the collateral.

Their price is higher because they actually collect primary data from sources such as county courthouses, etc.

Around here that's 10% of the collected rent plus half to a full months rent for filling a vacancy.

For example, I am using currently one Dropbox folder to collect and share all closing documents with relavent- loan, title, Realtor, insurance, Apprasors, etc for a closing I'm working on.

(maybe water, garbage collect) These are just "numbers" like they are presented in every multi family, Commercial property.My guess is that reality is always different.

LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS, Lender shall have the right at any time, even though no default shall have occurred under this Assignment, to collect and receive Rents.

The robot could collect your personal information, phone number, etc. before letting you in and turning on the lights.

They also collected rent on time from the other two tenants.Rehab UpdateAs for the rehab work within the apartments, we have a GC giving us good prices.

I would use the rent to pay my seller and collect the cashflow.