Company requires a "Committment Fee" in order to get a private money, asset based loan. They ended up dragging the loan underwriting out for a couple of months then inform me that the loan amount was below their minimum loan. OK, no loan, so I requested my deposit back but I never got another email or phone call from anyone at the office. I started sending emails everyday asking for the return of my deposit. Nothing.... no response so I have to assume that they are scammers.
Company advertises many loan products for investors. In June, 2022, we contacted them to provide LOC for customer. They responded our client is qualified for the LOC and needed 1% deposit to secure the $1MM line and the deposit funds are credited at Closing.
Informed there is LOC increase in 90 days after performance but told client to send another 1% for immeidate increase to $2MM. This was done without my knowledge as I stressed to client to drawdown on the $1mm LOC before sending any more deposits to them. He sent them another $10K and the product has not materialized.
We requested an immediate refund since you cannot deliver on your promise. This company has responded with all types of lan information but the LOC is non-existent. Borrower is taking legal steps to get his money back.
The company (www.fixandfliploan.net) continues to advertise as if it's a legitimate organization providing a valuable service to the community. But this is wrong and all of these platforms should be terminated immediately. Wire Fraud, I believe is federal crime. Correct me if I'm mistaken here.
Fix and Flip Loans Reviews
Company requires a "Committment Fee" in order to get a private money, asset based loan. They ended up dragging the loan underwriting out for a couple of months then inform me that the loan amount was below their minimum loan. OK, no loan, so I requested my deposit back but I never got another email or phone call from anyone at the office. I started sending emails everyday asking for the return of my deposit. Nothing.... no response so I have to assume that they are scammers.
Company advertises many loan products for investors. In June, 2022, we contacted them to provide LOC for customer. They responded our client is qualified for the LOC and needed 1% deposit to secure the $1MM line and the deposit funds are credited at Closing.
Informed there is LOC increase in 90 days after performance but told client to send another 1% for immeidate increase to $2MM. This was done without my knowledge as I stressed to client to drawdown on the $1mm LOC before sending any more deposits to them. He sent them another $10K and the product has not materialized.
We requested an immediate refund since you cannot deliver on your promise. This company has responded with all types of lan information but the LOC is non-existent. Borrower is taking legal steps to get his money back.
The company (www.fixandfliploan.net) continues to advertise as if it's a legitimate organization providing a valuable service to the community. But this is wrong and all of these platforms should be terminated immediately. Wire Fraud, I believe is federal crime. Correct me if I'm mistaken here.