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» Fees Before Closing

Posted on 12/11/2004
If you have taken out a residential mortgage with a conventional bank, the bank probably paid for the appraisal, etc. before funding your loan. This is not the process in hard money lending. Before closing on a commercial property hard money loan, be prepared to pay about $5,000 toward the costs of due diligence, including appraisals, inspections, document fees, financial reveiws, etc.
Posted in Miscellaneous