Permanent financing costs are associated with securing the long-term financing for the project, including costs charged by and passed through the permanent lender. These costs include:

• Credit Report. A credit report generally is required by the lender to ensure that the borrower has repaid debt on time and consistently.
  
  
• Permanent Loan Origination Fees (Points). The permanent loan origination fee is charged by the lender to originate and process the paperwork associated with making a loan. These fees vary by loan size and loan type. The points cost for the first and second mortgages are calculated later, based on data you will provide on the Financing Sources tab.
  
  
• Mortgage Broker Fees. This fee is paid by the project if a permanent loan is obtained through the services of a mortgage broker.
  
  
• Title and Recording Costs (for Permanent Loan). Lenders generally require title insurance to ensure that the property is marketable and that title is clear of any defects. There may be a recording fee (per-page) for all documents registered with the Register of Deeds.
  
  
• Counsel's Fee. Attorneys' fees are incurred to prepare closing documents, perform title searches and ensure that all legal aspects of the transaction are handled properly.
  
  
• Lender's Counsel Fee. The project will likely also have to pay for the lender's counsel to protect the lender's interests in the transaction.
  
  
• Use the Other Permanent Financing Fees and Expenses field to enter costs related to permanent financing that are not represented by the other items in this category. Enter a label (replacing the; "Other Permanent Financing Fees and Expenses"; text) and an amount. If you do not need to use this field, simply leave it blank.