92660, Newport Beach, California - March 8, 2017
Commercial Loans$500.00 to $7,500.00 fixed fee for closing costs
The bank charges a .5% loan fee. This fee does not come to me, but it goes to the bank directly. The fixed fee entered are for third party closing fees(title, escrow, appraisal)
Reported by:
Jason Padula, Bank Of America |
92660, Newport Beach, California - October 14, 2014
Commercial Loans$0.00 to $500.00 fixed fee for closing costs
1.00 to 12.00 percent for closing costs
Either fixed daily payments or percentage of credit card processing batches, if applicable.
Reported by:
Linda Harris, Hargo Financial Solutions |
90245, El Segundo, California - June 4, 2021
Residential Loans$4,000.00 to $8,000.00 fixed fee for closing costs
1.00 to 2.00 percent for closing costs
Every loan is different and the costs are always dependent on loan amount. However we always do whatever we can to limit cost of credit for our borrowers
Reported by:
Billy Florio, CrossCountry Mortgage - Billy Florio |
90245, El Segundo, California - June 4, 2021
Commercial Loans$4,000.00 to $8,000.00 fixed fee for closing costs
1.00 to 2.00 percent for closing costs
Every loan is different and the costs are always dependent on loan amount. However we always do whatever we can to limit cost of credit for our borrowers
Reported by:
Billy Florio, CrossCountry Mortgage - Billy Florio |
92868, Orange, California - April 1, 2019
Commercial Loans$695.00 fixed fee for closing costs
1.00 percent for closing costs
Fidelity does not earn money unless/until the loan funds. The typical loan fee is 1% of the loan amount plus processing fee of $695 plus $250 for entity review. When a loan proposal is accepted by a borrower, Fidelity requests a deposit to cover appraisal plus any other required third-party report such as Phase 1 or property condition report. Fidelity does not charge a profit when ordering these reports. Most of the time, Fidelity is paid its 1% success fee and the processing fee at closing, and is paid through escrow or settlement.
Reported by:
Earl McCoubrey, Fidelity Bancorp Funding |
91384, Castaic, California - June 12, 2015
Commercial Loans$500.00 to $1,500.00 fixed fee for closing costs
0.50 to 1.00 percent for closing costs
This service is a case by case. Fees are dependent on the loan amount, loan packaging, and prequalification analysis. We conduct a credit analysis before matching a borrower with a lender. We don't consider ourselves as "Brokers". We are so much more. We take the time to position our clients for "bankable" status, versus collecting docs and submission. Our BDO's take the time to educate clients on the process, options, and financing opportunities.
Reported by:
Connie Sparks, Wade Institute |