All Forum Posts by: Stylianos Kalamaras

Quote from @Daniel Samandarov:

Quote from @Stylianos Kalamaras:

Yes they are, they cost me $800 knowing they would not close my deal and waste my time, if I had any possible legal recourse I would take it they shouldn’t be allowed to operate it’s really sad. 

 Blue Gate Capital Never Charges Any Upfront Fees, Our Clients Pay AMCs or Appraisal Companies Directly. Mr. Kalamaras, we were ready to close your file, we needed to change Title Companies as your Title Agency was refusing or could not add proper endorsements because of their Underwriting Insurance Carrier. 

 Thats a complete lie. Your own agent I was working with was also frustrated with how your company was handling my loan and similar loans he was processing. Blue Gate Capital strung me along until very close to closing and almost cost me the deal. Stop. There was no issues with title. You had me run two appraisals that both came back good but because the rates were changing at the time you weren't certain you could sell it on the backend(this came directly from your agent, who happens to be a decent guy). Instead of being transparent about it, you had me spend a bunch of money on things I shouldn't have since there was no intent on closing the deal.

Hi,

We are looking to increase the volume of BRRRs we complete this year, but we are having a hard time finding reliable and reasonable contractors. Does anyone have any referral recommendations for contractors in Cincinnati? 

Also, we self manage properties that we currently own, we are looking for a reliable handyman/maintenance tech.

Thanks!

Quote from @Daniel Samandarov:

With all due respect you are a novice real estate investor that is upset and frustrated with the standard UW process and wants to blame us for your inability to provide docs and requested items correctly. We are not idealistic, we follow the same process that ever serious lender does. You spoke to 2 people Out of 25 Loan officers / Senior UW Team members. Everyone on the team is extremely concerned with providing excellent customer service, communicating as fast as possible, and being as transparent as possible.  As mentioned we Fund 100++ Deals Monthly and have thousands of Happy repeat borrowers. Many who started out as Novice beginners with fix and flips and now do large new construction and Multi family projects. 

I would just let this be David. Blue Gate Capital is the most unprofessional lending company I have dealt with, and your response to customer posts is ridiculous. Hopefully some entity can step in to stop the madness, it’s a shame that there is no regulation stopping your company from doing this…

Quote from @Daniel Samandarov:

With all due respect you are a novice real estate investor that is upset and frustrated with the standard UW process and wants to blame us for your inability to provide docs and requested items correctly. We are not idealistic, we follow the same process that ever serious lender does. You spoke to 2 people Out of 25 Loan officers / Senior UW Team members. Everyone on the team is extremely concerned with providing excellent customer service, communicating as fast as possible, and being as transparent as possible.  As mentioned we Fund 100++ Deals Monthly and have thousands of Happy repeat borrowers. Many who started out as Novice beginners with fix and flips and now do large new construction and Multi family projects. 

Yes they are, they cost me $800 knowing they would not close my deal and waste my time, if I had any possible legal recourse I would take it they shouldn’t be allowed to operate it’s really sad. 

I would recommend staying far away from that company. They just cost me a deal, and they are extremely unprofessional and unorganized, I'm not sure. how they are in business. I was supposed to close yesterday and they were asking me for documentation. I actually found out today that the founder of the company Zack had no intentions on funding my deal from about three weeks ago and was stringing my loan along until today. I have docs etc if you are interested in verification and proof that I have dealt with that company.

@Constance Grandelli where was that?

Hey,

I just signed a deal for an investment property in the Cincinnati area, and I'm looking for a lender that works with investors. I plan to pick up a few more properties this year, so I am looking to build a relationship with a reputable investment lender, and have a smooth process when I lock in deals. Any recommendations? Should I find a mortgage broker? Whats the best way to go about this? I'm fairly new to investing, this would be my third property but I plan to be a bit more aggressive with the investing in the coming year. 

Not yet, wanted to have the plan before I do anything

I am trying to transfer a property to an LLC in Cincinnati OH. How does that process work?