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Updated almost 4 years ago, 02/21/2021

User Stats

15
Posts
1
Votes
Nathaniel Birdsong
  • Residential Real Estate Broker
  • Winston Salem, NC
1
Votes |
15
Posts

Direct Lending Partner (any reviews?)

Nathaniel Birdsong
  • Residential Real Estate Broker
  • Winston Salem, NC
Posted

Has anyone dealt with Direct Lending Partner? Talked to them today about their program. They offer lines of credit so you can move quickly and have a less detailed process to get funds each deal. They do have some setup fees to open the line of credit but, once that is done, the origination fees and interest are good compared to other hard money sources I have seen. 

Any feedback on them?

User Stats

1
Posts
0
Votes
Ricky Gerbil
  • Professional
  • Miami, FL
0
Votes |
1
Posts
Ricky Gerbil
  • Professional
  • Miami, FL
Replied

@Nathan Trunfio Please provide link to DLP’s lender's Pricing Summary Sheet. Thanks. 

User Stats

26
Posts
18
Votes
Nathan Trunfio
  • Lender
  • Plymouth Meeting, PA
18
Votes |
26
Posts
Nathan Trunfio
  • Lender
  • Plymouth Meeting, PA
Replied

Hi Ricky, 

Thanks for reaching out. We have a variety of loan products including a LOC program, so the rates and vary based on your qualifications and investment strategy. Most of the information that you're looking for can be found on our website, under the "Loans" drop-down and subsequent webpages.

We'd be happy to give you more specific information catered to you needs and qualifications.  Feel free to send me a DM, or you can find my contact information on the website as well.  

Happy Investing,

Nate

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User Stats

42
Posts
30
Votes
Doreen M ODonovan
  • Rental Property Investor
  • Aptos, CA
30
Votes |
42
Posts
Doreen M ODonovan
  • Rental Property Investor
  • Aptos, CA
Replied

Found their tear sheet here. https://dlplending.com/wp-cont...

Also found they are big - say a job posting that says they have 350 employees.