Upfront Fees for a Hard Money Lender
Hello all!
I wanted to ask if the following fees seem in line for a Hard Money Loan:
$700 at time of application submission for SOW Review, Renovation Cost Validation and an Appraisal.
$175 Draw Schedule Review
$235 Document Processing
$350 Lenders Attorney
I've only used HM once before on a flip I did in 2005 in Massachusetts. I now live near Baltimore and I'm not sure if this is common for this area.
Thanks!