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Updated over 4 years ago on . Most recent reply
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Capital dream solution, are they a scam?
Has anyone ever hear of Capital dream solution, hard money lender? I saw this Facebook post on a real estate group for a hard money lender, I reached out and no one would ever answer the phone. They said me the terms via email and the terms just seem too good to be true.
- Loan amount ranges from and $10k minimum and $5M per transaction.
- Loan Duration is 3 months minimum and 30yrs maximum.
- No prepayment penalty attached to my loan program.
- Loan interest rate is 6% minimum and 7% maximum depending on the loan amount and duration.
- But then they say, "we charge loan origination fee and is the only fee required before getting you funded, It's 100% refundable".
I don't know if I'm being paranoid or if this is really a scam. I would love to know if anyone has ever worked with them or if this something that is too good to be true.
Would love to hear some feedback.
Most Popular Reply
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Thanks Jeff, it definitely sounds too good to be true. My husband brought up the same the point about the English grammar and said the guy could hardly speak English over the phone. I guess this post was also to let others know that if they come across the same post from Hamis Kimodo from "Capital dream solution" to stay away.