Earnest Money Deposit Startups

[Miranda G.]

Recently, I've encountered startups and companies offering quick EMD financing at high interest rates (around 3-5% per month). Are borrowers who utilize these funds typically involved in flipping properties? This seems unfeasible for rental investments due to the high cost of capital. Has anyone here borrowed EMD using these services? If so, for what purpose, and how did it work out? Thanks in advance.