Patch of Land

15000 Ventura Blvd., Suite 300, 91403, Sherman Oaks, United States
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1.80
Based on 20 Reviews

5

20.00%

4

0.00%

3

0.00%

2

0.00%

1

80.00%
About Patch of Land

Patch of Land is a leading private money lender offering real estate investors and entrepreneurs fast and reliable access to short and long-term loans for single-family, multifamily, commercial, ground-up, and long-term rental properties. The company also operates an online real estate crowdfunding portal providing accredited investors the opportunity to diversify their portfolio with fractional ownership of high-yield, short-term investments across the country.

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American Acquisitions
GB

Extremely Rude Loan Officer I called the Houston office to get more information on a loan for a single family investment, the woman who took my call (loan officer) was extremely rude and condescending. She was pushing a loan that I was not requesting and claimed that either way they did not need anyones business in todays hot market. NOT RECOMMENDED

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Kebreab Sameul
GB

Communication was great from the start… Communication was great from the start with Mark Himmel and then with Dong the loan processor, they were always available. The only drawbacks was I felt like I was being required to submit too many non required documents to words the end of the process, but part of it has to do with my contractors not able to give me scope of work in a timely manner. However the end result was great and saved more than a $1000 in closing costs by closing with Patch of land. Yes I highly recommend them.

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Ernesto Puig - TopLevelFunding.com
GB

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.

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Tony George
GB

Well 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

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Brian
GB

Losing $10k on Patch of Land - STAY AWAY!!! I invested in 7 properties with POL dating back to Sept 2019. 5 were paid back and went fine, but I currently have two of them that are 9 months past expiration and have NO idea what is going on with them because they won't respond to my inquiries. One is in foreclosure and there hasn't been an update since June (4+ months) and the other says 'Loan Current' even though the last interest payment was 4 months ago and the loan is 9 months past maturity. I invested a total of $35k with POL, have received $2K in interest and, at this point, believe I will be losing close to $10k in the two deals I cannot get updates on. My experience with Fundrise has been excellent - I'd strongly recommend going there with your money! My last name is Arpke if anyone from POL wants to reach out and help me resolve so I can update my review...

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