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What are the fees involved and how does prepayment work?

April 26, 2017fees involved prepayment

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What are the fees involved and how does prepayment work?

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The fees for a 504 loan, which are financed in the loan, are approximately 2.125%. There’s also a fee for legal review. Fees are negotiated for the 50% bank loan accompanying the 504 loan. Weighted average fees for both loans are 1.5%.