Hard money Lender - Do I Run away Now?

[Lamont A.]

I was thinking about using a HML ( my 1st time ) for my flip. It really is coming down to a last resort. So I've been trying to check them out. I haven't found anyone here on BP that has used them before. Recently I asked him for references and he said that he was unable to provide any!!!

He said the investors he worked w/ like to remain anonymous and don't want there information shared.

I did see that his LLc is registered w/ the state but that really don't mean much.

He hasn't asked for any up front fees and appears to be local in my area.

My natural instinct sends up red flags. Being that this would be my 1st time using a HML does that sound familiar/ normal to anyone?

He refers me to his website to see the pics posted of investors he's worked with before and after projects..as if that's a reference.

(Hell,, anyone can create a web page these days)

I think I know the answer but should I run away?????

[Account Closed]

Run as fast as you can in the opposite direction. Any real, competent lender is always happy to provide references.