Direct Lending Partner (any reviews?)

[Nathaniel Birdsong]

Has anyone dealt with Direct Lending Partner? Talked to them today about their program. They offer lines of credit so you can move quickly and have a less detailed process to get funds each deal. They do have some setup fees to open the line of credit but, once that is done, the origination fees and interest are good compared to other hard money sources I have seen. 

Any feedback on them?

[Doran Summers]

1% fee of what? $500,000? Are there any other fees upfront? There are better sources in the industry that off no fees upfront and up to 90% ltv or 75% Arv. Rates between 7% to 10%.