Avatar's Blog

» How much cash to close a hard money loan?

Posted on 1/8/2005
Generally speaking, count on a hard money loan requiring out of pocket expenses of $5,000 +/- for the third party costs of due diligence (appraisal, inspections, financial review, etc.) and the costs of escrow, points, etc. If you are working with Avatar Financial Group on a hard money loan, you can ask to wrap points and closing costs into the loan to reduce out of pocket expenses.
Posted in Miscellaneous