Can the developers fee be added in the loan (asking for a friend)
A friend of mines is working with a capital firm, he is going up for financing with a bank, the question that he asked is can his development fee be added to the construction estimation or can a development be apart of the loan? So for example, if the development fee is $20,000 and the construction cost $120,000 then construction would be $140,000? Does the bank pay a developer fee? And this is his project.