Fees from private lenders

[Larry Sarner]

Hello all,

I have been talking to two private lenders.  One of them requires purchase of an insurance policy to protect themselves.  The other has a fee to originate the loan.  I have no problem with either of these costs as long as it is something that the more experienced investors here have come across.

Thanks for your replies,

Larry

[Jamie Ware]

Larry, 

Private lenders set the requirements.  It's their money you're looking to borrower and everyone wants to protect their investment?  Wouldn't you?