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Updated 8 months ago on . Most recent reply

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Louis Fernandes
  • Investor
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Seeking Advice from BiggerPockets Community: Loan Direct LTD Legitimacy?

Louis Fernandes
  • Investor
Posted

Hello BiggerPockets Community,

I hope this post finds you all well. I am reaching out for some valuable insights and advice regarding an opportunity that has come my way, and your collective wisdom could make a significant impact.

I've been in contact with Loan Direct LTD, particularly with James Baldwin, who claims to be a private lender offering various financing options for real estate projects. However, given the critical nature of financial transactions, especially in the real estate realm, I'm seeking your expertise to determine the legitimacy of this opportunity.

Here are some key details:

1. Lender Information:

- Company: Loan Direct LTD

- Loan Officer: James Baldwin

2. Loan Details:

- Interest Rate: 3%

- Loan Duration: Up to 30 years

- Maximum Loan Amount: $10M

- Documentation Fee: $720

- Approval and Funding Time: 48 hours

3. Reference Testimonial:

- Positive feedback from a reference named Paul who took a loan for rentals.

4. Questions for Consideration:

- Is anyone familiar with Loan Direct LTD or James Baldwin?

- Has anyone else taken a loan with similar terms?

- What legal documentation should I request to ensure transparency?

- Are there any red flags or cautionary aspects I should be aware of?

- How common is it to find loans with these terms in the industry?

I believe in the power of community knowledge, and I'm reaching out to you, the seasoned investors and professionals, for guidance. Your experiences and insights can be invaluable in helping me make an informed decision.

Please feel free to share your thoughts, experiences, or any relevant information. Your input is highly appreciated.

Thank you for being an amazing community!

Best regards,

Louis Fernandes

Most Popular Reply

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Chris Seveney
  • Investor
  • Virginia
15,498
Votes |
18,038
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Louis Fernandes

Do you really think someone would lend a stranger money at 3% when you could invest it risk free for 5%?

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

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