A lender that gets deals done and works well with brokers I have been working with Patch of Land for a few years now and they work well to provide lending on investment properties. They have a great team to keep the deals flowing smoothly and are quick to analyze/price the deal and not hold it up in case I need it to go somewhere else. I recommend working with Marie Saenz.

My first investment was a very bad… My first investment was a very bad experience. The borrower abandoned the project, it took nearly a year for the project to go through the foreclosure process. When it finally sold, there were massive legal and 'financing' charges. It felt like Patchofland still made money through all the fees and left the investor hung out to dry. I lost over 50%.

BEWARE of this UNETHNICAL company formerly known as Patch of Land BEWARE of this company first known as PATCH OF LAND now PATCH LENDING??? CHAD JOHNSTONE who looked after my application is a deceitful individual who I want to be flagged so NOBODY else goes thru what he has put me thru and put all the blame on me. I submit an application but eventually it come back rejected but they still proceed with an appraisal which was a waste of money – usual procedure is they do their due diligence and then the next step would be an appraisal BUT since i was declined why would they proceed to an appraisal!! A reputable firm would of reimbursed me the cost of the appraisal but not this company! – deceitful in more ways than one: 1. The appraisal charge is in PATCH OF LAND name?? WHY!! Usually the charge is noted with the actual appraisal company’s name – POL and taking the charge at an inflated price I’m sure since the actual appraisal company is not the actual charge on the credit card. 2. So there is NO loan to proceed with POL so I look for another lender. 3. CHAD JOHNSTONE tells me if I PAY a further $51 I can get a copy of the Appraisal report that came in at $650K and the Lenders name he could change to new lender. 4. I pay the extra to have the Appraisal report revised and release to me. 5. Upon getting the report after numerous request when I can get the revised copy Chad sends me the report to my astonishment it is NOTHING what he said it is!! Report is ONLY for 400K and Lenders name has NOT been changed 6. I question REPEATEDLY what is going on and CHAD’s only response is I gave you the report and I have nothing further to say to you – do what you have to do and basically don’t bother me again – REALLY!!! How UNPROFESSIONAL can one person be?? Despite being in a BAD financial situation only worsened my situation due to the deceit of CHAD JOHNSTONE – taking advantage of a WOMAN desperately seeking a loan - ONLY care is getting money for the company he works under FALSE pretence and to show good work provided to his client which in reality is NOT the case – how can one with a good conscience treat another individual with no compassion and humanity in the hardship situation I am in –His attitude is who cares and after repeated email for a response to “DID YOU NOT TELL ME THE ARV ON THE REPORT WAS $650k” NO response to this question and is only avoiding and dancing around having to admit he was wrong – at least if you admit you made a mistake then its NOT a lie anymore but a mistake – BUT he is NOT MAN enough to admit he made a mistake and it is costing me dearly!! But again who cares is his attitude - I’ve done my job?? What to rip me off further with something that doesn’t help my cause and while under FALSE pretences!!! I PAID extra for a USELESS report!!! BEWARE of this company as they promise you the World ( I understand things change in the process sometimes) but to continue of a unethical path is just WRONG!! I am extremely HURT by this company’s action against me to further contribute to my financial hardship!!!!

Zero stars Zero stars. I invested in 2 properties, both went into default. For one property, I finally recovered my investment with interest, but it took 3 years rather than the original maturity term of 1 year. The other property has been in default for the past 2 years with no foreseeable resolution. My crowdfunding investments with a different company have not had these problems. Learn from my mistake and invest your money elsewhere.

CLASS ACTION LAWSUIT IF YOU LOST SUBSTANTIAL MONEY I generally do NOT write reviews, but I really want to do good by warning other potential investors to NOT invest with Patch of Land. My experience with Patch of Land is a particularly bad one. Of the 10 loans I have invested with Patch of Land, 6 have been in default for more than 4 years. When I called them, they assured me that there would be no loss of principal as their "contracts are iron-tight." All was going well as I was promised no or minimal principal loss until recently I was issued a "Non Performing Loan Reconciliation" where I lost over 60% of my principal with no interests earned for 5 years. I'm typically not an emotional person, but I was extremely depressed and infuriated when I saw this. When they sold off my loan to a 3rd party, they sold it for 70 cent on a dollar. However, they made sure that THEIR portion of the fund invested got paid off in full (meaning they suffered no principal lost). To add salt to injury, they made a killing orchestrating the sale of the non-performing loan they did a such a poor job underwriting in the first place. If any other investors have suffered big losses as I have, I am interested in filing a class-action lawsuit against Patch of Land.