No Points Hard Money Loans? California Opinions?

[Joffrey Long]

Is a "no points" hard money loan important? I'm getting that suggestion from different brokers who bring me loans. Also, we just did one for a repeat borrower. Had to build in a prepayment penalty to make up for some of the loss, but clearly borrowers want to cut their overall cost.

Your thoughts? Feedback?

Is this a trend or just an isolated request ?

Joffrey