Asset Avenue -- Reviews? Anyone used them for financing?

[Albert W.]

I clicked on an add from asset avenue ( https://www.assetavenue.com/ ) and am curious if anyone has every used them, and what their experience has been?  They appear to lend to non-owner occupied investments (rehab loans, rental property acquisition loans, etc.).  Sound good, but there doesn't seem to be much 3rd party reviews out there.  

Thanks in advance!

[Sam Wilson]

Here in Memphis, it seems that the restrictions on value of property makes this platform a no-go. The value of the property has to be 100k in order to qualify for a 75k loan, which is their minimum. I have no problem with the 75% LTV restriction. That just makes sense. However, we can buy 3 houses for 90k here in Memphis...nearly rent ready. Maybe 100k all in rehabbed and tenants in place. That, coupled with the fact that the application fee is $499 for any loan less than 250k makes me think they're just banking application fees and not getting a whole lot done. It will cost you $499 per application for them to say "yes or no". Maybe that is not the case. I'd love to hear a success story with someone using them for a rental.