up front fees from hard money lenders

[Craig Yarbrough]

I recently came across Palm Financial in Florida and they told me about a prety intersting commercial bridge loan program that they supposedly offer. I've never used a hard money lender especially one for commercial. Has anyone ever heard of this company or knowif up front fees are common? I'm not used to paying up front fees to a lender just for the privilege of telling me whether or not my project qualifies for an approval under his terms.

[Timothy W.]

I ABSOLUTELY DO NOT PAY ANY UP FRONT FEES TO ANY LENDER! ABSOLUTELY NOT!

No lender fees.
No consulting fees.
No research fees.
NOT A F---ING DIME.

They can take their fees at closing and if they are professionals they should be able to take their fees at closing.

I have personally seen these "fund sourcing" company people leave the country for the UK or other places when the heat was on.