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Updated over 2 years ago on . Most recent reply

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38
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Kenneth Stump
  • Rental Property Investor
  • Mechanicsville, VA
11
Votes |
38
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Anyone used Angel Oak Prime Bridge?

Kenneth Stump
  • Rental Property Investor
  • Mechanicsville, VA
Posted

Has anyone used Angel Oak Prime Bridge? I have found a great deal for a buy, rehab and hold but need to find a private or hard money lender. I have tried to research this company and have not found a lot of details from anyone that has used them. 

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Chris Mason
  • Lender
  • California
10,791
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9,935
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Chris Mason
  • Lender
  • California
ModeratorReplied

It's news to me that AO works with consumers directly at all. Maybe they don't and that's why you aren't getting a response. When I look at their website, it's a bunch of stuff directed at me, not directed at consumers. 

They prospect folks in my profession pretty hard for our brokered business, one of their reps was in our office a few weeks ago. They even hand out PDF fliers for their products with the logo and contact info blank, so the mortgage broker can slap their own logo and company info on it; the consumer wouldn't even know it was Angel Oak until the transaction was live. I don't think they want to talk to consumers/borrowers directly; they'd rather outsource the time consuming work part to brokers, and take the loan once it's live and ready to rock. 

FYI: Last time I looked into them, they didn't seem to like beat up properties. Very Fannie Mae like property standards.

  • Chris Mason
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