Brian Asheghian
GBPatch of Land Review on Coronado Patch of Land did a great job executing the construction loan. Tameer was great to work with and and I definitely look forward to working with him and the team again soon! The borrower was extremely satisfied that we were able to deliver the terms we promised and closed the deal in less than 3 weeks.
MacKenzie
GBStay away from this platform Responding back to you. I have e-mailed that address numerous times with no reply. I have also used the 'Help' feature on your website, in addition to calling multiple times where I have been told repeatedly that no-one is available to answer my questions about my investments. Last name is MacKenzie. I want an update on Diablo Court loan for example. It's been months without any updates. Stay away from this platform. I have a number of loan investments in default and they have stopped answering calls and have stopped returning e-mails requesting updates. There don't seem to be any new investment offerings on the site either. Not sure what is going on behind the scenes but feels like they are in hiding and unwilling to face up to investors.
B Grin
GBBorrowers beware!! Shady operation Joe the loan officer reached out to Me and we discussed my situation. I have 4 properties that I kept informing him were around $50k each for a total value of $200k. All rented and cash flowing 20%+. (Not just on paper like these other “borrowers” Who continue to default on this shady lender, but in reality). I have a 780 credit score and a long track record in the flipping, rental and overall RE business. Joe mentioned that “POL wants my business” and based on my Credit, my track record, and the underlying fact that i own a business which is a property management company with 5+ employees, over $1 AUM, Including our own assets, I could get all the funding I need as long as I’m under 85% LTV. They took $2200 for initial fees and disappeared, only to show up one night in my inbox at 11:30 pm after I bombarded them with emails Trying to get simple answers: “Hi, sorry we tried everything but can’t fund your loan” Almost comical, if it wasn’t for the complete waste of time, credit inquiry and a $2200 loss. Hey Joe, unlike you, I am not desperate to close a deal. I have a 780 credit score. I have about half a million $$ in assets funded outright by my own equity. I have a long track record of successfully entering/exiting real estate over the last 4 years with substantial gains and I have a Business finance degree. They are looking to earn revenue by collecting initial fees and then they disappear. Joke of a company. Joe is a joke of a loan officer and I’m gonna go out on a limb Here and assume He and the CEO are the same exact person. Congrats you played yourselves
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.
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.