Commercial loan origination fees

Commercial loan origination fees

Los Angeles, CA · Member since 2019 · 8 posts · 3 votes

I'm refinancing a commercial property in the US for the first time. $1.7m loan, 65% LTV. One LOI I've received has quoted a 2% origination fee, which seems high to me. (Broker has a 1% fee on top). Presumably negotiable but can anybody give me an idea of what's reasonable to expect in the current market. Thanks in advance!

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Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
7y

Typically 1% You need to shop it around and let them know what you are willing to pay.

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