Below are the standard estimated 3rd party fees illustrating the possible costs you may expect at or prior to closing with the exception of the required title and settlement fees.

Commercial and 1-4 Unit Residential Investment Properties:

Application Fee (Non-Refundable) $495 (credited at closing)

Underwriting (Commercial) $2,000

Underwriting (1-4 Unit Residential Investment) $1,350

Legal Document Preparation Fee(1) $1,495

Loan Origination Fees 2-4 points (depends on credit score and loan amount) - Hard Money 3-6 points

Third Party Estimated Fees:

 Tax Service $150

 Flood Certification (2) $50

 Due Diligence/OFAC (2) $150

 Credit Report (2) $75

 Environmental Due Diligence (3) $145

 Environmental Review Fee (3) $500

 Environmental Insurance (3) $750 - $2,000

 Phase I (Environmental Site Assessment Report) (3) $2,000

 Appraisal (Commercial Properties) $2,000 - $5,000

 Appraisal Review (Commercial Properties) $500

 Appraisal (1-4 Unit Residential Investment Properties) $650 - $1,250

 Appraisal Re-inspection (Commercial Properties) $500
 Appraisal Re-inspection (1-4 Unit Residential Properties) #250
 Title (4)

 Attorney Document Review Fee (5)

 Additional fees may apply for each additional guarantor

IMPORTANT: Some investors if you are requesting a larger loan amount may require a Deposit: $5,095.00 (Appraisal, Lock Commitment Fee, Application Due At Term Sheet Signing).

Principal & Interest, Escrows and Automatic Withdrawal

Principal and interest is calculated on an actual/360-day basis; prorated interest from time of closing through end of month is due at time of closing.

Monthly escrow for taxes and insurance is required with a 2-month cushion; if the renewal of insurance is due around the time of closing, one year of insurance premium will be collected at closing.

Automatic Withdrawal (ACH) is required for all loan payments.

Helpful Facts

The information provided above contains estimated costs only and may change without prior notice. All third party fees will be your responsibility.

These are standard fees. Fees may be increased or decreased based on promotional programs. Please contact your Relationship Manager for more details.

A prior or new survey is required for commercial loans over $800,000 and may be required for loans under $800,000 based on a review of the title. Survey costs vary based on location and size of the property.

1 Lender reserves the right to charge additional fees for CEMA requests. Lender will engage outside council to prepare CEMA documents and handle the settlement.

2 Lender reserves the right to charge additional fees if there are multiple parcels, multiple entities and multiple guarantors. Lender will reduce the upfront non-refundable Application Fee to $150 and reduce the Legal Document Preparation Fee to $895 for multiple loans to the same borrower/borrowing entity. The borrower is responsible for the full amount of all fees on the first loan.

3 The majority of the loans are charged only the environmental due diligence fee but certain property types require environmental insurance to be paid at closing. Environmental due diligence is not required for 1-4 unit residential investment properties.

4 Once the title examination is received, Lender will provide a preliminary settlement statement to the borrower containing title company specific fees, including title search, title insurance premiums, settlement fees, recording fees, and possible survey fees.

5 Georgia, South Carolina, North Carolina and Texas require that all documents are reviewed by state licensed attorneys. Such fees will be included on a preliminary settlement statement prior to closing. Any additional legal fees deemed necessary outside of normal costs will be discussed with the borrower/broker prior to closing.

To get an idea of the rate:

Please, visit our Home Page and complete the form Loan Pre-Qual

To get an LOI:

- Application

- Credit Report

- Rent Roll

- Operating Statement

- 60 Days Most Recent bank Statements For Liquidity To Close

After we received the documents we will provide an LOI or Letter Of Intent

if you decide to accept the terms, the application fee is required (as a deposit, as will be deducted from the underwriting fee).
Some investors may require Deposit: $5,095.00 (Appraisal, Lock Commitment Fee, Application Due At Term Sheet Signing).

Underwriting your loan:

- Appraisal

- Environmental Study (if required depending on the type of property or business gas stations, etc.)

- Latest 3 Months of bank statements (proof of funds to close or reserves if required)

- Latest 3 months of bank statements showing the deposits for the leases

- Letter of use of funds (if refinance)

- Dwelling, wind and liability Insurance

- Copy of the all leases (must not expire for at least 1 year)

- Mortgage Statements/Payment history

- Entity Documents

- Voided Check (for ACH)

- One form of ID

- All loans are Escrow (taxes and insurance)

- Additional docs may be required