Funding For Flipping.... Anyone use them yet?

[Andres Rivero]

I was curious about this company who is offering me 80,000-100,000 from a line of credit. My fee would be $8-9k which would be taken from the backend. So basically,they would approve me based on my credit score. Then grant me 80-100k of which I can take any of that amount and then they would deposit it into my checking account and then charge me a monthly payment of 1% of whatever amount I used. The first time you use it they charge anywhere from 8-9k on the back end. My questions other investors is one, have you used them and two, how did it work out for you?