Industrial Condo / Buyer Closing Costs &amp; Mortgage Fees?
I'm looking at buying a $520k, flex condo for my business.

What would be a reasonable estimate for closing costs, attorney fees, and SBA mortgage fees?

I am estimating a 3% fee on the SBA loan / bank fees &amp; $10,000 for attorney fees and whatever other municipality taxes and transfer stuff.

Does that seem reasonable?
[{"id": "iocev8q", "text": "I was looking into a 7a (went traditional financing instead) and the fees IIRC were 7-8%.\n\nSBA guarantee fee may be 3% on its own.\nBank attorney fee\nYour attorney fee\nMortgage recording\nTitle fees\nDo you need a survey or environmental? \nAre you including prorated property tax?", "replies": [], "depth": 1}, {"id": "iocf6nm", "text": "Holy sh&amp;t.  7-8%?  That is a total deal breaker for me.   \n\n(Not clear on survey or environmental; not including property tax).\n\n\\----\n\nWhat did you end up with for a traditional bank loan?   My commercial banker is such a slug.   They need the \"full package\" in order to present a cost estimate.   Wells Fargo is supposedly offering rate locks so I'm open to the idea.", "replies": [], "depth": 1}, {"id": "ioe13hj", "text": "Strongly depends on your location. If you are in a state that it is expensive to close on real estate that is what it is regardless of your loan fees &amp; costs.\n\n7a has a tiered fee (upfront &amp; annual) based on the guarantee amount that you can find [here](https://www.sba.gov/document/information-notice-5000-818641-7a-fees-effective-october-1-2021)", "replies": [], "depth": 1}, {"id": "ioe911d", "text": "As a tiny commercial deal, I\u2019d say that your legal costs as a percentage will be higher. \n\nMinimum of $3k for PSA, title survey objections, closing etc.", "replies": [], "depth": 1}]