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Updated over 3 years ago,

User Stats

136
Posts
192
Votes
Andrew Flora
  • Rental Property Investor
  • North Vernon, IN
192
Votes |
136
Posts

How to know if a lending company is legit

Andrew Flora
  • Rental Property Investor
  • North Vernon, IN
Posted

I have recently came across a “direct private lender” that claims to be from a company named Inclusive Properties.  The website is very basic with not much info or content.  I inquired and set up a phone call, after speaking on the phone they quickly offered to move forward with a very large asset based loan but they didn’t ask any details about the property I’m looking to purchase.  It smells fishy to me and I know typically if it’s too good to be true it probably is.  But my question is, how do I find out if they are a legit lender or not?  I would hate to assume they are and miss my shot at closing on a great deal.

Thanks in advance for any help!

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