Fees

Prior to submitting a project for review, a prospective Client should submit a Project directly to us for consideration. We will provide a written response either requesting a further review of the project or declining further to consider it.

If we decide to pursue a project, we originate and process the loan. If we act as a direct lender, processing is tantamount to underwriting. If we place the loan with a correspondent lender, processing amounts to pre-underwriting for that lender. ‘Pre-underwriting’ means that we have prepared a loan request in detail sufficient for a qualified, interested lender to evaluate the Project prior to doing its own underwriting.

1. Retainer. Prior to processing a loan application, an applicant must retain us. At the time of being retained, a Processing/Underwriting Fee is due.
   
   
2. Success Fee. We will have earned a Success Fee when a financing request receives a final lending commitment. The Success Fee percentage depends on the gross dollar amount of the financing request and upon the difficulty of successfully bringing the financing request to a close. The Success Fee is due and payable at the time of a final commitment. It may be paid out of proceeds, however, if a lender so agrees. Our Agreement specifies the Success Fee percentage.