Private Lenders/Hard Money Lenders

[Orie Brown]

Hey Everybody, 

Wanted to reach out and see if anybody has ever done lending with or heard of this company. They reached out to me about financing for some of my deals. The name of the company is Standford Loan Service LLC, they are based out of Phoenix, Arizona. 

[Kyle J.]

@Orie Brown  Never heard of them, but I found their website and took a look at it.  If the person/company that contact you is associated with this website, then it's pretty clear they're not a real lender. 

I go into detail about how to spot these fake lenders in other posts I've written, like in my response under this thread here: How do I spot scam lenders?

I won't repeat it all here, but you can see some of the same signs here. For example:

- Bad English/grammar throughout their website ("Real Estate Loan Programme"):

- Unrealistic terms (no legit private/hard money lender would offer these terms):

- "Standard Terms & Conditions" document provided on their website that sounds just good enough to perhaps convince the unknowing that maybe they're legit, but for someone that knows better this document is easily recognized as a complete joke. 

I could go on, but I covered a lot of this in that previous post I linked to, plus I'm sure you get the point. 

I will tell you that they are at least nice enough to tell you up front what the scam is.  They're going to charge you these fees up front:

And then you'll likely never hear from them again.  So, just save your hard-earned money and avoid doing business with them (or anyone else that initiates contact with you on the internet to be safe).

All the best.