Apartment loan and fees associated
Hello!
We are working on our loan for our first apartment deal. It is a 24 unit property. Fairly clean deal. Loan amount is 1,098,000
Our lender is saying we have about $14k in estimated costs of due diligence, documentation, appraisals, etc. this $14k is outside of the additional $10,098 that we will pay for origination fee... plus we still need to pay our attorney...
Does the 14k seem high??
Please let me know your thoughts!