institutions will not and do not pay the broker a
commission for commercial loans placed with them, therefore a
fee of 1% - 2% of the loan amount will be charged
financing we do not charge any Up Front Fees whatsoever, but rather we prefer to
earn a Success fee and/or
Equity commission upon successful closing of a transaction.
No Application Fee
No Revision Fee
No Stand by Fee
For projects requiring Equity
or JV financing,
we charge a fee to review and perform
preliminary due diligence and loan packaging. Equity financing is
much more difficult to obtain and arrange and therefore we charge an
initial fee for this service. Please call us
discuss how our equity program works.
are always an issue with borrowers, but at the proper time, with the
right proven source, they are a reality. If your local bank in your
hometown requires a fee to do an appraisal, title survey, credit
reports, property inspection, legal contract preparation, background
check, and many other verifications to fund a house down the street, it
is not realistic to expect them to fund a real estate project, in
another city, province, state or country, at zero costs.
that insist on paying absolutely nothing until funding will never get
funded, it takes money to borrow money.
Liquidity or cash on hand is definitely going to be required, and
varies widely from lender to lender. Be prepared to pay lender
fees/costs of some form.
given transaction, the Client
will be responsible for paying
the Legal Fees, Appraisal Fees, Feasibility and Marketing Report fees,
Environmental report fees, Quantity surveyor fees, Land surveyor fees
and any other fees related to due diligence and background checks and a
Site visit. Some lenders may require that you pay the
directly to a third party for the expenses incurred or they may require
that you make a deposit into escrow in order to cover these costs as
availability of the money is more important than the cost. Our
often need to move quickly to help the seller get out of their current
situation. They have to have capital available at all times in order to
“make the deal happen” and paying a fee or higher interest rate is
irrelevant compared to the loss of thousands of dollars in profit if
the money was not available. The money is only expensive if you can't
make a profit.
do not waste our time if you are not prepared to pay due diligence fees
that may be required in order to get your project funded.
If you have any questions or concerns with
regards to how we get paid and the costs involved, please feel free to contact us.
is unwise to pay too much, but it is worse to pay too little. When you
pay too much, you lose a little money...that is all. When you pay too
little, you sometimes lose everything, because the thing you bought was
incapable of doing the thing it was bought to do. The common law of
business balance prohibits payiing a little and getting a lot - it
can't be done. If you deal with the lowest bidder, it is well to add
something for the risk you run. And if you do that, you will have
enough to pay for something better" .
John Ruskin (1819 - 1900).