Friday, April 25, 2008
What fees are involved in hard money lending?
Hard Money Lenders and Private Equity Lenders charge a loan fee which equals to a % of the gross amount of the loan as well as their administrative and underwriting fees. You have to watch for hidden fees, always ask for a rate sheet. Know all fees going in to your relationship with a hard money lender, so there are no surprises later for you.
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