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Updated almost 3 years ago, 03/07/2022
Anchor Loans and Aloha Capital Scams and not licensed
I would stay away!! Peerstreet buys Alohas notes and Aloha still tries to service the debt that is not theirs. This is illegal!! They are a lender that will set you up for failure. They are currently in litigation with many borrowers and investors that have been taken advantage of. I have been wanting these loans paid off for a year but they continue to collude with another lender "Anchor Loans" to try and "strong arm" me into dropping my case. Please make sure your attorneys research the lenders Federal pending cases and the state in which they operate in.
Anchor does many things that are not above board. They sell the notes and service debt that is not theirs. They short the investors that give them money which are called "Junior Lenders". This is illegal!! They are a lender that will set you up for failure. They are currently in litigation with my company and they want me to drop my case against them in exchange for payoffs. Really!! I have been wanting these loans paid off for a year but they continue to collude with another lender "Aloha Capital" to try and "strong arm" me into dropping my case. Look up "RICO" and you will see that lenders with these tactics fit right in the "RICO" charge. Contact me if you have been forced into "Deeds in Lieu" and or Bankruptcy. Have your attorney look up cases where Anchor Loans was the defendant and you will see the trend. We have gathered information from other victims and will not stop. Check outhttps://www.hardmoneyhome.com/lenders/view/anchor-loans
https://www.facebook.com/hardmoneylendervictims
Tip of the day: Contract law does NOT supersede State law. Know your facts. Know your rights!!
How these lenders have skated around licensing in many states is because the "commercial loan" language but they really did not know is some states the exempt law state:
Exempt-
(d) Any person engaged solely in commercial mortgage lending or any person making or acquiring residential or commercial construction loans with the person's own funds for the person's own investment;