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Vongari Capital. Anyone who have experienced with them?
Does anyone in the group had any experience with Vongari Capital? They are based in CA.
I am on the process of working with them. Input and advice are appreciated.
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Jay Hinrichs
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my thoughts only looking at website.
its unclear if they are lending money brokering money or what they do.. I personally like to see the principals on the website I think that lends a ton of credibility to a company.
Next thing is being CA based and it appears if they are lending money they are doing it on 1 to 4 unit props and in CA that Requires a license either a CA Broker license a Consumer finance license or NMLS registration and State of CA MLO license and those license numbers MUST be prominently displayed on their website or any other marketing..
For example go to Civic loans first one I can think of there in CA and see how their website looks and how they display their licenses..So they could just be new and not understand or know the laws.. but their website is pretty thin in many areas.. I would simply not send any money UP front thats for sure and that goes for Any lender other than small dollar for credit pull etc.
its unclear if they are lending money brokering money or what they do.. I personally like to see the principals on the website I think that lends a ton of credibility to a company.
Next thing is being CA based and it appears if they are lending money they are doing it on 1 to 4 unit props and in CA that Requires a license either a CA Broker license a Consumer finance license or NMLS registration and State of CA MLO license and those license numbers MUST be prominently displayed on their website or any other marketing..
For example go to Civic loans first one I can think of there in CA and see how their website looks and how they display their licenses..So they could just be new and not understand or know the laws.. but their website is pretty thin in many areas.. I would simply not send any money UP front thats for sure and that goes for Any lender other than small dollar for credit pull etc.
- Jay Hinrichs
- Podcast Guest on Show #222
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JLH Capital Partners