What type of fees does WCP have?
There is one up-front fee that covers the attorney fees and an appraisal for your deal. The total amount may depend on the scope of the project, but the fee is typically around $1,500.
After closing, your inspection fees are typically 1% of the total construction budget and are added to the draw amount as they are released. This way you are not paying out-of-pocket for your construction draws.
Lastly, each payoff request comes with a $30 fee.
At WCP we don’t believe in surprises when it comes to your money. We are always transparent and up-front when it comes to our required fees and we are happy to answer any questions you have about them.
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