Patch Lending

15000 Ventura Blvd., 91403, Sherman Oaks, United States
http://patchlending.com
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4.32
Based on 19 Reviews

5

78.95%

4

0.00%

3

5.26%

2

5.26%

1

10.53%
About Patch Lending

Patch Lending (formerly known as Patch of Land) has a legacy as an innovative, progressive Fintech company that was founded on the premise that the JOBS Act of 2012 would create dynamic new opportunities for businesses and ordinary Americans. A start-up created in 2013 with a simple mission to help build wealth and grow communities; Patch was obsessed with challenging the status quo and democratizing access to one of this country’s greatest asset classes. As one of the first real estate Crowdfunding platforms established in the U.S., Patch was intent on making it possible for ordinary Americans to invest in real estate in ways that had previously been limited to only very high-net worth investors. Patch was founded on vision, foresight, and a little bit of luck. We started out in the early days of the housing recovery, which proved to be a textbook example of being in the right place at the right time. It was the perfect environment for launching a company aimed at empowering real estate investors with the technology, resources, service, and a variety of lending options. Since then, we’ve helped fund thousands of properties. We like to think we’ve leveled the playing field by helping real estate investors access one of America’s greatest asset classes. And while we’ve grown along the way, we’ve kept our basic approach the same: fast, friendly—and simple(r). OUR MISSION Our mission is to leverage technology to replace slow, inefficient real estate lending with easy, fast and transparent funding that is open to a broader range of investors and projects — specifically those looking for a simple(r) financing solution.

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Florin
CA

Bad experience altogether I have a bad experience with this company from the moment the loan was issued. Communication was extremely hard with no reply to emails for weeks and once the loan was issued and passed to the servicing company BSI Financial the headaches started to fall in. The servicing company does not do their job and do not honour their contractual obligations to pay your expenses. Don’t do an impound account. Just don’t do it. They simply don’t pay your taxes or insurance premiums on time or at all in some cases. I had to get my lawyer to deal with the company as my insurance policies got canceled due to them failing to pay the premiums on time. Overall I am sorry to say that I would not be using this company again had I known for his from day 1. Hope this review will help someone and you don’t have to got through the stress and months of headaches become of their incompetence. I also hope some level of management take this review and does something about the service they offer to clients. It is just not fair what you are doing.

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Samuel
GB

Loan process was running smoothly until… Loan process was running smoothly until they required additional documentation 2 days before close because the property was a condo, causing me to scramble for HOA documents that had to be expedited. I disclosed this at the beginning of the loan process so why they waited until the last couple days is why I gave them 3 starts.

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GABRIELLA
GB

Patch of Land has 5 stars I always get my questions answered and my escrow is carefully accumulated and the property taxes and insurance is paid. My only criticism is that I do not have a particular person at Patch Lending who watches over my account, so that I could call that person directly with any problems. Five stars for efficiency.

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M.C
GB

I have done multiple deals with Patch &… I have done multiple deals with Patch & will continue to do business in the future. M.C

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Matthew
GB

Hard-working team Loved the hard work the team put in to make sure I was able to get the loan I needed.

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