I got my first hard money loan approval for 47,000. It's a Rental property with a 24 month term loan and  no prepayment penalties.  i only need the money for 2 month. Waiting on Heloc to process.  Does the fees seem reasonable.  

Origination Points

1,421.81

Company Consulting Fee

$997.00

NVMS 0

$0.00

Admin

$200.00

Loan Servicing Fee

$180.00

Draws

$0.00

Misc. Fee (GS Cert)

$25.00

Daily Interest 5/30/2019 to 5/30/2019

$0.00

TOTAL

$2,823.81

For hard money that seems reasonable. It looks like origination is just over 3 points. In theory you might be able to get lower points, but at that loan amount most lenders who would only normally charge only 2 points etc. may have some sort of minimum for origination fee when loans are that small, so likely you would not save anything.