When evaluating hard money loans, many investors focus on the interest rate—but overlook hidden fees that can eat into profits. At CoreLend, we prioritize transparency and eliminate unnecessary costs. Here’s what to watch for.
Common Hidden Fees in Hard Money Loans
- Underwriting / Processing Fees: Some lenders charge $750–$1,500 just to process your loan.
- Appraisal or BPO Fees: Third-party valuations can cost $500–$900.
- Legal / Document Prep: Separate charges for contract review or title work may add $500–$1,500.
- Loan Servicing Fees: Monthly or annual fees for managing payments and draws.
- Extension / Renewal Fees: Costs for extra time if your project runs long.
- Prepayment Penalties: Some lenders charge for early payoff.
How CoreLend Keeps Costs Transparent
- No hidden processing or underwriting fees
- Standard appraisals only when necessary
- Legal and document prep included in origination
- No surprise servicing or draw fees
- Fair extension and prepayment terms
Why This Matters
Hidden fees can significantly impact cash flow and ROI. By keeping costs clear, CoreLend helps you:
- Reduce upfront capital needs
- Plan reliable cash flow
- Maintain flexible exit strategies
CoreLend Financial: Transparency First
At CoreLend, we believe in building partnerships—not just closing loans. We want your underwriting to be accurate, your projections clear, and your returns predictable.
Ready for a hard money solution with no surprise fees? Contact CoreLend today. Let’s structure a deal that aligns with your strategy—and respects your bottom line.
