Capital Stack fees

[Kelly Beck]

We are looking at possibly using capital stacking to fund holding costs and a light rehab for a sub to property we own. We were referred to a company who does capital stacking. Their fee is 9.9% of the total amount we use (for this property we only need $30K so the fee would be about $3K, with typically 0% 12 month term, payments at 1%).

Is this typical? I'm having a hard time finding typical fees for this type of funding. Thanks for any insight...we have used a PML in the past but his return request has become something we just won't pay, so this is our first time looking for an alternative.