I was contacted the other day by and individual working from "Axiom Capitol Group Inc". She told me that they have access to numerous private lenders and essentially act as a PL and HML broker. Sweet deal i'm thinking. I told her about my company's strategy and what we're looking for and she tells me that she has a few people with "programs" that might be able to make that happen. Then I start discussing fees. She tells me there is a $350 fee for residential and $550 for commercial and this is the broker's fee to essentially hook up the deal. Then she tells me I need to fill out this property tape sheet for the property, fill out a form 1003 and provide a credit report so she can shoot it over to the investors. Being an IT guy i'm super leery about giving away my social to someone I can't verify... that's a quick way to identity theft. So I told her I'd talk it over with my partners and would get back to her.
I did some digging, called the broker who claims to have done 1000's of loans and operates a legitimate business. So I decided to do some digging. There is NOTHING on this company. They have a site - axiomcapitalgrp - but not much info on the company. I pulled down a business search and they were a legit business in GA but are being dissolved due to failure to comply with annual filings. However, the same company is registered in NY and is in compliance. So I'm torn. I also can't find ANYTHING on these individuals.
I've never used or heard of a PL broker before so is this legit or am I being taken? I appreciate your help and advice as always!
