All Forum Posts by: Kimberly Schroeder

Conrad Lending was posted to an Investors network group I am in and I began going through the process of talking with them.  The email was a gmail account, which set off some redflags.  Then, I was sent me a Loan Application form that looked like it had been made in Microsoft word.  I asked for a NMLS is or business license.  I was sent the business license, but when I looked them up, according to the Missouri Business Entity page, the company was terminated on 4/4/2023.  Notice of Termination.

I have a BEAUTIFUL investment opportunity with a cash flowing, turnkey acquisition sitting on my plate with a DSCR loan available to me. My only problem is, I am just starting out and I do not have the cash to put down the down payment. I am seeking a PML for the down payment, but man if it didn't get mucked up and confusing by "lending" providers. Conrad Lending offers a commercial loan using my own information, credit and income as a qualification process and that seems to defeat the purpose of a PML. Should I steer clear of going through a branded "PML Company".

Help! and thank you!