Lending Bee

Lending Bee – Worst Customer service

I was looking for a loan and my friend suggested me to try Lending Bee. He told me that the company has a great customer service. After his reference, I had a lot of faith on this company from start. I did not doubt anything about them. Even the mismatch of the details within the company employees seemed just a normal error to me.

After looking at my credit score and all the documents, these guys said that I can get the loan easily. They offered me few options for the loan and I went through each of them very minutely. I did have some problems understanding which one was good for me and I asked these people to help me out. But, the assistance was not up to the mark.

So, I found it myself. Still, I decided to go with them. I picked the offer that suited my pocket. I also told them how urgent the situation was and how desperately I wanted the loan amount to be credited to my account sooner. They said that their process does not take very long.

I submitted all the documents as asked for. They checked everything before accepting the documents. Every detail was double checked so that there wasn’t any glitch in between of the processing. I even paid the processing charges.

After waiting for 15 days, I did not hear anything from them. I called them, and they asked me to wait a little more. It is been over two months, and I have not received any calls from them. I told them at the start of the conversation that I would be looking for a month’s period to get the credit in my account and they said that they would make it even quicker.

Now, they have no answer if the loan is passed or not. If there is any mistake from my end, they still should call me and let me know. If they need any other document or is there something missing. They have not even called me to tell me the updates on the case.

I have been hanging like forever waiting for them to provide an answer. I am not able to contact other company as they have not given a proper answer. I know that all my documents were fine, and my credit score was also great. There was no problem.

Even if there was, I am expecting a call at least. I am somehow not able to understand what they are up to. Or, all they wanted was the processing fee. Have they even submitted my loan application yet? All these things have made me take ten steps back. I have a business to run. I was about to finalize a deal which could have been a huge relief for my company’s funds.

Because of these guys, I am three months late. And, I won’t be able to keep the clients waiting any longer. They have got my business to blow away. I am never going to pardon them.

Is Lending Bee a legit?

Lending Bee is not running a legit business. They are not aggressive towards customer satisfaction and complaint grievance redressal, Hence 15 consumer[s] submitted negative ratings, and only a few left positive feedback.

Where is Lending Bee located?

Lending Bee is headquarted at Laurel Canyon Boulevard 6350 CA US. You can contact Lending Bee by dialing +1 818-761-7234 or visit their website lbccapital.com.

How much monetary loss is incurred by Lending Bee’s customers?

According to Lending Bee’s customers, a monetary loss of US $1200 has been reported. The severity of entire incident reports is high.

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15 Reviews on Lending Bee

  1. Appreciated the speed these guys have. I worked with Vladimir to get funds to purchase a multi-storey bldg in Midwest, and he was fantastic to deal with. Straight-to-the point, no BS, streamlined process. He got me approved, and we secured a 7,8mil deal in 11 days. I’ve been in the market for many years working with many lenders, and it still was impressive.

  2. Very helpful and motivated people.

    I had a great experience with Mendel at Lending Bee for an investment property purchase in San Diego. He helped me figure out the best loan structure for my needs and made sure I got the funds I needed. We closed in 9 days, which was beyond impressive. Very helpful and motivated people.

  3. Can recommend

    Very positive experience. Was looking for a private lender when my bank declined the loan for an investment property purchase in Los Angeles and was lucky to find these guys. I was impressed with their level of expertise. Kirill was fantastic and moved very fast. I was approved in 24h and got funds in 5 days only. Actually, enjoyed working with them. Can recommend.

  4. I got connected to Olga via LinkedIn, and her offer of lending was really timely. She was very easy to work with, very knowledgeable, professional, and knows the LA neighborhood ideally. My fico and portfolio are strong, so she issued us a hard cash loan in 3 days. For 802K it is instant, impressive!

  5. Special thanks to Olga for helping and being patient with me

    I found Lending Bee online, filled out the pre-qualify form, and they were 1st to get back among 7 more lenders I reached out to. The rates were acceptable, especially considering they were the only ones able to fund the refi in 7 days. The deal was closed, and the experience with them was positive. Special thanks to Olga for helping and being patient with me. Appreciated it.

  6. Thanks

    A year ago I purchased my 2nd multifamily investment property in Long Beach for renovation and rent by securing a conventional loan. However, I underestimated the house’s condition, and repair costs started killing me. I realized that I needed more funds to complete the project. In addition, I needed cash to pay off the existing loan. Kirill got me approved and I got funds within 8 days. Very fast. Kirill and his assistant Matt were really helpful. A pleasure to deal with professionals. Thanks.

  7. Fantastic work!

    I have closed 3 fix and flips with them in the past 2 years, and can say they are outstanding. Quick, flexible in amounts and terms. Olga has been my agent since the 1st deal, and she is a pleasure to work with. Gentle to push to ensure there are no delays, and does exactly what she promises. The last time we got closed in 4 days for $640K, which is much quicker than I could even wish for. Fantastic work!

  8. Can recommend.

    Well done with fast cash out refi. Communication was top-notch, Kirill took time to explain the loan programs explicitly, guided me through the options. Knowledgeable guy, experienced in the market, he was genuinely motivated to get me funding fast. We closed in 9 days only. Can recommend.

  9. We were looking for a lender to refinance our property in Palm Springs and Kirill was super helpful throughout the process. He went over all the details with us, offered a couple of scenarios, and was were personable. No pushing, no rushing, I very much enjoyed working with him. Rates are down-to-earth, not such a dramatic difference from what the bank offered actually, but times quicker.

  10. Thanks

    I am just starting as a real estate investor, so I deeply appreciated Olga’s patience. I was looking to refinance one of my SFRs in San Diego, Lending Bee’s conditions were the most reasonable among other offers I got. Deal was closed in 6 days, paperwork was minimal too. Positive experience, and a great way to increase liquidity. Thanks.

  11. Lending Bee came recommended via my broker, who was speaking very highly about Vladimir. We reached out without extra expectations, but were impressed with how flawless everything went. Solid approach to funding and tailored approach. He really took time to talk us through options he can offer, and gave nice advice on the property we were considering. We closed in 15 days without hassle and at fair conditions. Nice to work with.

  12. Working with them was my best decision

    I am an experienced flipper, so hard money is no news for me, still these guys impressed me. I had a matching property for FF in mind while my fico was not at its best. They still worked with me and offered a deal that worked. Closed in 12 days with 76% LTV. Mendel Schmukler was accessible 24/7, never had to chase him for a progress. Refreshing attitude. Thanks.

  13. The best place and wonderful staff!

    The best thing I liked working with Lending Bee – the staff is easy to reach to answer any questions in detail! They don’t rush you but explain to make sure you understand everything. I felt very comfortable doing a cash-out refinance with Kirill. He was always available for me, and I will be forever grateful for his work and efforts.

  14. Lending Bee- Not understanding

    My loan was 5k I paid 2mths already at $742 per month and never miss my payment until I lost my wallet I called immediately and told them the incident they don’t even bother so I asked how much I need to pay they mentioned $804 late payment charge from friends to loan me first since they are understanding the funny thing is when I asked how much I wanna closed the account it’s $4240 which is kind of dubious I have paid a total of $1484 and to close the account I need to pay $4240 wow more than 4 percent it seems…..MAS should investigate

  15. Great hard money lender

    I was googling Lending Bee, Inc. and just saw the negative review below, but my experience was much different. I’ve done 2 transactions with Lending Bee, Inc. in the past 3 years and couldn’t be happier. I am a General Contractor and I upgrade properties and sell for profit. I’ve been able to obtain complex hard money construction loans from Lending Bee, Inc. twice and almost ready for my third project. I’ve worked with Vladimir Isperov and KP and the transaction was smooth. It took just under a month to close as the lender was waiting for the construction permit.

    Highly recommend the company and Vladimir.

Reviews: 15
Reported Loss : 1200 $
Severity : High
Reported by : Anonymous
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