I wouldn’t recommend this lending scam to my worst of enemies. They should change the name to “Dont Do Hard Money “.
I was told to pay a $1600 fee prior to viewing my property which was located in Chicago Illinois.
The lender/agent lady I spoke to name was Sonja Johnson. She told me if they didn’t fund my property I wold get a refund.
After my $1600 donation she googled the property & said that they couldn’t fund it because of vacant lots near the property , Schools in the area & a bunch of other haberdashery.
I asked for my money back & thats w hv en I knew I was scammed call after call being given the run around.
I reported them to the Better Business Bureau(also a scam), Thats when I received a call, but no solutions.
If you’re in need of hard money lending ask someone who has used the company in question.
Preferably a lender in the area where you plan on purchasing the property.
I had the same property funded by a local hard money lender that a friend recommended.
I purchased the property for $180k put 100k into & it appraised for $375k.