Has anyone used Lendinghome. com?

[Raleigh Lewis]

Good morning BP and Happy Holidays!!

I am looking for advice regarding lendinghome.com. Also any good lenders In the Deleware County area in Pennsylvania. I have a deal on the line and i am seeking funding from different lenders. Lending home offered to lend me 79k for 

12.5%, 1y fixed, am interest only, monthly 829.17, LTV 83%

They are asking 50k for a triplex the arv is 158k

This would be my first time buying a property I plan to use the brrr strategy because of the cashflow in the property. However i am a little hesitant to accept these terms because of the high interest rate not to mention the bad reviews about lending home. Have any of you ever used lending home? What was your experience? Have you ever had terms like this from a Hard money Lender?

Please Share , Thanks a million!!!!!

[Raleigh Lewis]

I didn't they seemed sketchy to me at the time and I heard maybe on BP you should stay away from lenders who want some form of payment before closing. They barely asked for documentation from me and barely had answers on how the money would be dispersed to me. I may have been wrong about them but I didn't like how they structured my deal I had no clear understanding of how it would play out. I ended up using a local bank who was more reputable. Hope this helped. Hope your deal goes well!!!