All Forum Posts by: Joe Allen

 Are you referring to a review you saw? If so, we've discussed this before with borrowers - 

• There are in total 3 negative reviews which are all related to one relationship we had with an unethical borrower who defaulted on most of her loans. Her boyfriend, her contractor, and her business partner were the other people involved in those negative reviews. 
• All reviews stem from one draw where they got a stop work order placed on their property, they covered up the posted stop work order when the inspector did the review, and then became super upset when we wouldn't release draw funds until they got the stop work order removed
• The borrower has since defaulted on almost all of her loans with us and is now on the "Do Not Lend" List. We've reported it to Google Reviews and are working with them to remove it. 
• Our Head of Capital & CapM has also said if any potential borrower is skeptical due to this, he is also happy to discuss with you and explain why this occurred in more detail. 

Let me know if this clears it up for you

 Hi Joe, 

I think I could do 85% of purchase funded, 100% of rehab funded, and 0 points/origination fees since it'd be your first deal with us and you're from bigger pockets. We'll just need to verify experience 

Plus we're a direct lender! Let me know if you'd like more info 

Phone: 619-599-6970

Email [email protected]

 Broker 

 Understood. 

If you are able to show permits, certificate of occupancies, etc.. from previous projects you were a GC on, I could see this getting approved at 80% LTV/100% Rehab given that its an upscale rehab.

Hey @Joe Allen - have you handled projects yourself before? Aka as an operator not a GC?

Anyways shoot me a text and I'll put you in touch with a couple guys i've worked with thanks. 

Hi Joe, 

What is the Scope of Work entail? Are there any additions, changes is square footage, etc..?