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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceBuying 12 units - Commercial lender wants to charge 2 points
Clinton Riskus's profile image
Clinton Riskus's profile image
Clinton Riskus
  • Real Estate Consultant
  • from Lake Elsinore, California
  • Member since Mar 24, 2009
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Clinton Riskus's profile image
Clinton Riskus's profile image
Clinton Riskus
  • Real Estate Consultant
  • from Lake Elsinore, California
  • Member since Mar 24, 2009
Connect
Clinton Riskus
  • Real Estate Consultant
  • Lake Elsinore, CA
3
Votes |
52
Posts
Private Lending & Conventional Mortgage Advice

Buying 12 units - Commercial lender wants to charge 2 points

Clinton Riskus
  • Real Estate Consultant
  • Lake Elsinore, CA
Posted Jul 1 2015, 10:52

Commercial lender wants to charge 2 points plus $2795 app fee on a fixed 5.75% 30yr.

I have a 750 fico total cost is $330 loan is 280k. I thought this was a hot deal just wondering if you guys are getting better deals on similar loans right now. Please advise. Thanks.

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