All Forum Posts by: Mark F.

This was my experience with Constructive loans and @David N........  

Bait and switch and cost me money, learned my lesson and moved on to a reputable lender, already have my 3rd property under contact since February, they lost my business and any recommendations if ever asked. 

https://www.biggerpockets.com/forums/49/topics/694049-anyone-every-use-constructive-loans

https://www.biggerpockets.com/forums/49/topics/695354-constructive-loans-anyone-closed-with-them

Let me know if you hear anything, maybe that is a sign of how they do business or the fact that they are not doing business and no one is responding. Not surprised after my experience with them. 

Funny thing is I met with another local lender and we talked about where I was at in my investing and what my future goals are, they VP of lending I met with did some quick math and projected that we would be doing $2.5-3m in business together over the next few years as I achieve my goal. I never looked at it that way but I guess that is what Constructive Loans and @David N. will be giving up as I won't give them another penny of my money or one positive word since they refuse to make it right. 

Word of mouth is the best recommendation and they certainly won't have mine..... 

Funny that no one has replied at all , perhaps they aren't really closing any loans..... 

Hi highly recommend Investors Title Services, they are underwritten by Fidelity Title and will provide the same services as the other title companies at a substantial savings. I have used them several times and they are focused primarily on investment properties and the owner @Joe Mueller is an investor himself and also owns TANIS Group Realty and runs a weekly REI meet up group as well.

Joe has been a mentor of mine and has become a personal friend, he won't steer you wrong. 

https://investorstitleservicesllc.com/

Mark 

There are also weekly meeting at TANIS Group Realty in Algonquin, which is owned and run by @Joe Mueller which I highly recommend and is not far from you at all. 

Their meetups are posted here  https://www.meetup.com/investor-empowerment-chicago/

Anyone on here try Constructive Loans or work with @David Nunez ?

They strung me along, telling me everything is all good and on track until after hours on the day before closing they change the https://www.biggerpockets.com/forums/517/topics/693204-fix-and-flip-and-low-doc-rental-loans

Edited to add: I just tried to comment on the thread they posted a couple of days ago and got an error message that I'm can not post a reply....... hmmmmm, perhaps they don't want the truth to come out.

Mark 

No one's used them?...... 

Welcome @Erik Strauch, we are practically neighbors. Let me know if there is anything I can help with and good luck on your new endeavors.

Mark 

Anyone on here try Constructive Loans or work with @David N.It seems like a bait and switch to me! 

All said and done it cost me an additional $2300 in fees for the HML that went past its maturity date plus the appraisal, all this could have been avoided if they told me they had an issue with my credit score from the beginning.

Also, it should be noted that my conventional broker was able to close the loan in 3 weeks and had no issues with my  credit with no points of course.  

Anyone else successfully and use Constructive Loans and been happy with them?

https://www.biggerpockets.com/forums/517/topics/693204-fix-and-flip-and-low-doc-rental-loans

Edited to add: I just tried to comment on the thread they posted 2 days ago and got an error message that I'm can not post a reply....... hmmmmm, perhaps they don't want the truth to come out.

Mark