Bavex Lending for long term financing

[Ken Calvin]

Anyone heard of Bavex Lending before? I came across them in a FB group for REI and thought they had a good deal on long-term financing. 5.5% recourse 30-year term for LLC. Everybody else asks for at least 6.5% and 2 points, so I'm wondering if this is "too good to be true". Just want to make sure they're legitimate. Thanks.

[Nicholas Covington]

Is that something you actually priced out with them in writing or you are just going by their starting rate? Reading their website it says starting at 5% for rentals. As someone whose primary business is doing rental loans for my clients, I find most do not qualify for that based on credit and LTV.