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Updated over 6 years ago,
Am I getting scammed by this 'private lender'?
Hi there,
I've been looking for gap financing for a multifamily property for the past few weeks. Through the process I met a man named Bryan Chambers. He claims he has plenty of money to lend, but wants an origination fee. Sensing this was a scam I suggested I put the $450 origination fee in escrow and when I get the loan I will release the origination fee. He refused. I then asked for references, which he also refused.
He finally sent me a proof of funds letter from HSBC (attached). I called HSBC and they told me they couldn't verify the funds without Bryan on the phone. When I asked Bryan if he would be willing to get on the phone he said the proof of funds letter should be enough and he wouldn't get on the phone with the bank.
Now he's pinging me 2-3 times a day wanting to complete the transaction. I can't help but thinking I'm getting scammed here. What are your thoughts?
Thanks!
Robert.