Refinancing 4-unit property, is this fee normal?

[Sam Mitchell]

I'm working on a cash out refi of a 4-unit property of mine. I'm seeing an origination charge that is 2.5% of the total loan value, which together with the loan points comes to 3% of total loan value. My broker is telling me this is because cash out refis on 4-unit properties are more risky, and there's nothing he can do. Am I crazy to think that these fees are too high? My rate isn't even spectacular at 4.375%.

[Kevin Chan]

I don't know what the loan value is, but part of the reason could be-

I think the costs don't really scale linearly.  So, the % of loan value changes a lot if, for example, it is $3000 on a $100k loan vs $4000 on a $400k loan.