LoanSum offers financing to investors based on the requested loan amount and the risk associated with the transaction.  Typical origination charges are 4 points with a $2,000 minimum.  If construction funds are approved, an additional fee of 1 point (with a $500 minimum) will be assessed for administrative costs.  LoanSum will charge you for the following closing costs; Application Fee $350, Wiring Fee $20, Flood Certificate $15, and Court Filing $100.  Annual percentage rates range from 15% to 18% of the amount borrowed.