Is it normal for hard money lenders to charge points up front?
I am talking to a few different hard money lenders to close on some properties that we will be doing a BRRRR on, and one of them is offering very attractive terms with 100% financing of both the purchase price and rehab budget. It seems a little bit too good to be true and now it seems my suspicions are being confirmed as they are asking me to pay their 2 points up front instead of using a title company to close. Is this abnormal for a hard money lender to ask this?