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Updated over 5 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Niki Lee
  • Real Estate Investor
  • Florida
3
Votes |
8
Posts

Looking for investors who have used either Angel Oak Prime Bridge or DoHardMoney.com

Niki Lee
  • Real Estate Investor
  • Florida
Posted

I am a new investor.

My investing partner and I are looking to do our first deal with no money down through my LLC. We need a hard money lender that will give us funding for the initial purchase and rehab, so we will need a ARV loan.

It seems as though these 2 lenders fit the bill. But, I am seeking any additional information and/or first hand experience that anyone could share about either Angel Oak Prime Bridge or DoHardMoney. Thanks in advance!

Most Popular Reply

User Stats

7
Posts
3
Votes
Roger Blankenship
  • Investor
  • Mcdonough, GA
3
Votes |
7
Posts
Roger Blankenship
  • Investor
  • Mcdonough, GA
Replied

Angel Oak stepped in to help me when I had a complex project that was nearly completed when a contractor walked off the job. I needed more time as my previous loan was about to expire. They approved the loan, agreed to provide more cash than I requested to complete the repairs, and then disappeared. I found out 3 days before the other lender was foreclosing that they had decided not to fund me. This was a shameful way to treat a good borrower. I will do all I can to avoid this lender in the future. 

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