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Updated 7 months ago on . Most recent reply

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Darlyn Sanders
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Lender information please

Darlyn Sanders
Posted

What are some trustworthy lenders in raleigh,nc. I want to get an equity line of credit on my rental but I believe I just got scammed by Crowne Lending Services. I looked up everything & all now I am afraid to do anything with my rental as far as borrowing cause of this. I ain't made of money. Heck I am on disability  I just had a below the knee amution & we are living paycheck to paycheck  trying to do better financial wise, then this happens. What & where do I go from here.

Thanks 

Darlyn 

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Chris Martin
  • Investor
  • Willow Spring, NC
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Chris Martin
  • Investor
  • Willow Spring, NC
Replied

Can you confirm the company is named "Crowne Lending Services"? This spelling is not listed, as far as I could find, as a lender of any sort, hard money or otherwise. 

Trying to get an "equity line of credit on my rental" might be a tall ask for a lender, since this product would put the lender in a second lien position. Unless you have a large amount of equity, lenders generally don't offer these loans. Even then, many won't lend unless you have a long-time and established banking relationship with them. 

Good luck with your endeavor. 

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