Multi-Family and Apartment Investing

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Clayton Cerer
  • Rental Property Investor
  • Chicago, IL
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Apartment loan and fees associated

Clayton Cerer
  • Rental Property Investor
  • Chicago, IL
Posted Dec 5 2019, 07:48

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!

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