RAD Diversified Lending out of Baltimore?

Question

Anyone used them? Can't find much online....

https://raddiversifiedllc.com/about

Chris Seveney · Answer

Website shows up as not protected domain - and no longer in existence that should say enough

Stewart VanValkenburg · Answer

Honestly didn't try. Too many flags. Some similar phone numbers and such to other short term companies that other people said were scams.

Becca Pariser · Answer

@Stewart VanValkenburg - any updates? They made contact with me as well but I don't want to get sucked into a scam.

Stewart VanValkenburg · Answer

I think they are a scam. The webpage has them based in Maryland but they aren't listed in the state's business directory. Nobody answered the phone, I called 5 times. The phone number for the 'agent' emailing me is the same as the one for the main business. It's also a barebones google number with nothing in it. No 'press 1 to talk to our sales team, press 2 to...' sort of thing. The terms for a 2nd position loan on a rental is 6%, 25 year term,  and 2 points origination fee.  The email heading calls the business RAD Diversified Reits inc. The bottom of their webpage says Rad Diversified Capital LLC. The faq page is empty.

I did get a call back after a few hours. The person had something of an accent. They said they'd do it through a title company if I didn't trust them, but they really needed the 2% fee to get everything rolling for the loan. I asked if I could pick the title company and they said they would do it and call me back with the details. So far no call back. If they actually use a reputable title company I'd do it but if not, I won't trust them.

Chad Davis · Answer

@Michael Magno Just closed a deal in Baltimore and familiar with the area. Happy to take a look at your deal.

Dutch Mendenhall · Answer

I see. That is a different RAD Diversified. My apologies!

Michael Magno · Answer

I didn’t say you were. Click the link and see what I am talking about.

Dutch Mendenhall · Answer

We are not lenders.