What fees should I expect to pay for my commerical real estate loan?
For most standard lenders, their loan origination fee will be in the 1% area,
The Success fee charged by Springboard Funding Partners can range from 1%-3% of the gross loan value depending on the following factors, 1) Loan size, the larger the loan size, the smaller the percentage; 2) Whether there are any other consultants involved in the loan request; 3) The complexity of the request.
You should also expect to pay third party costs out of pocket, such as appraisal fees, title fees, lender doc fees, lender attorney fees, possibly your own attorney fees if you want your counsel to review loan docs.
Bridge lenders can charge up to 3% origination fees in some instances.