Your thoughts and questions

Express your thoughts and questions on up-front fees

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I believe any company that needs to ask for upfront fees is not confident in their abilities to close.

For this reason I made certain that my company all products of my company Vestpert Inc. have absolutely no upfront fees.

If we're talking about fees on top of the due diligence fees, there's a problem but due diligence fees are the cost of doing business. There is a tremendous amount of work that goes into the process of making a loan. The lender has to do on-site inspections, feasibility studies, enviromental assessment reports, third party reports, background checks on the principals, detailed property appraisals, insurance coverage, just to name a few items. Nobody is going to inccur these costs without some commitment. If the borrower is not willing to commit, then they probably don't have much confidence in the project in the first place.

Up front fees are the charge of getting loan. Hard money loan is a kind of short term loan which is asking for up to 2% up front fees. To know more visit www.lendinguniverse.com