Tony George
GBWell you guys came through and… Well you guys came through and delivered. Customer service was very good from loan processing team, to appraiser and up through closing agent. The only real down-side was the actual start to close time, was much longer than we were initially told by agent.... Looking forward to continuous business with Patch of Land! Thanks
Randy Lin
GBCLASS 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.
Funds and Noble
GBThey would give every excuse not to… They would give every excuse not to fund a deal, they would never walk in rate either, has a high for a reason. They would not give warning either or why they cant fund, wast of time.
Miloslav Veytsman
GBthe worst!!!! There must be a bunch of bots writing reviews here, because POL is by far the worst platform I have ever invested with. After 5+ years and 15+ investments with them I will most likely lose money....and for the majority of that time, the real estate market was on fire, you almost had to actively try to lose money in that type of market. STAY AWAY
Seth Denison
GBI have been an investor in about 8… I have been an investor in about 8 deals at this point. While the returns have been sufficient, the corporate communication has been abysmal. The last deal I invested in went into default. It seems to have ultimately been resolved, though I am still waiting to get paid, but the process was painful. These guys totally missed the boat on investor communication. Failed email and voice mail responses and completely left me in the dark on a problemed loan. They have lost my confidence and I will invest elsewhere.