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Jake and Gino Multifamily Investing Entrepreneurs: RCRE - What is Included in Closing Costs with Will Coleman

Jake and Gino Multifamily Investing Entrepreneurs: RCRE - What is Included in Closing Costs with Will Coleman

Will Coleman discusses what closing costs are included in a loan closing.

Key Information:

 

 

3 Types of Costs

  1. Day One upfront costs
  2. Origination Fees
  3. Miscellaneous costs

 

Day One Costs

  • Appraisal
  • Phase 1 Environmental
  • Physical Inspection
  • Underwriting fees
  • Third Party Legal

 

Ordination Fee

  • Generally a 1% of loan amount

 

Miscellaneous Fees

  • Title Search / Insurance
  • Escrow fees
  • Borrowers legal costs
  • Survey

 

 

Contact Information:          

 

Will@randcre.com

 

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https://jandg.activehosted.com/f/58

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Jake and Gino Multifamily Investing Entrepreneurs: RCRE - What is Included in Closing Costs with Will Coleman
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Will Coleman discusses what closing costs are included in a loan closing. Key Information:     3 Types of Costs Day One upfront costs Origination Fees Miscellaneous costs   Day One Costs Appraisal Phase 1 Environmental Physical Inspection Underwriting fees Third Party Legal   Ordination Fee Generally a 1% of loan amount   Miscellaneous Fees Title Search / Insurance Escrow fees Borrowers legal costs Survey     Contact Information:             Will@randcre.com   To regis...
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