Additional charges known as “points” may be part of your loan parameters. Points may be charged by lenders, brokers, or other intermediaries as a way to be paid for their work with your loan.
Points are paid at closing and represent a fixed percentage of the loan balance. (One point equals one percent of the loan amount.) Points are sometimes related to the creditworthiness of the borrower, but now always. Your commercial mortgage quotes from the lenders in the InvestmentProperty.loans network will detail information around points and other fees.