What are the fees associated with closing a loan?

We do not charge any fees upfront to begin underwriting a loan request. After a final loan approval is given (final loan approval is only granted after a term sheet has been issued and all of the requested items on the needs list have been received) then a retainer will be requested to draft loan documents. The borrower is responsible for paying for the appraisal, standard title/escrow and notary fees, legal fees, and a Phase I environmental report (if needed).

By |2018-05-16T17:24:07+00:00April 3rd, 2018|

About the Author:

Daniel is a veteran finance and real estate professional with more than 12 years of experience. His background working for large financial institutions has provided him with invaluable perspectives on capital raising, fund management, entrepreneurship, risk management, and alpha generation. As Director of Origination at Wilshire Quinn Capital Inc., Daniel works closely with mortgage brokers and borrowers to structure hard money loan deals. Daniel's attention to detail, negotiation skills, personality, and business acumen allow him to think creatively, execute quickly, and provide a high level of service to his clients. Daniel grew up in Long Island, New York, and has been living in San Diego for the past seven years. Daniel’s hobbies include playing ice hockey and acting as a referee for the sport. Daniel also practices the bass guitar and plays gigs with local bands around town.