Comparing hard money lenders side by side saved me $4,800 on a fix and flip in Tulsa

I was about to sign with the first hard money lender my realtor suggested, 12% interest and 3 points. Then I spent a weekend lining up three different quotes for the same 200k loan. Turns out one lender in Oklahoma City did 10.5% with only 1.5 points and no prepayment penalty. The difference over my 6 month flip timeline was huge, like $4,800 total. Point is, the first quote is never the best one, especially when they know you're in a hurry. Has anyone else found big gaps just by getting a second or third hard money quote?

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