Chris Arciga, Private Lender (Legit???)

[Dakota Fleming]

Hi, guys! I recently saw a post on an Oklahoma investor Facebook group composed by a man names Chris Arciga (or maybe it's Arciga Chris). He offers any loan size and type, at 5% interest. Sounds pretty sweet! He is not a hard money lender, but after reaching out to him via email, he replied that he is a private lender. I filled out an application and am waiting for him to get back. Just wondering if anyone has heard of or used his services? Any advice concerning him would be appreciated. Thanks!

[Scott Wolf]

@Dakota Fleming, I'd proceed carefully, as 5% sounds like a too good to be true deal from a private lender.  You can ask him for references as well, or ask in the FB group where you met him.  DO NOT PAY ANY UPFRONT FEES!