Commercial Real Estate Funding, Financing and Lending: A Scammers Paradise?
It seems like every time I look up, there's a new "commercial lending" or "commercial funding" company that has popped up across my networks.
The individuals offering these commercial loans are always offering somewhere between $1/2 million and sometimes even $1 billion in loans. Of course, researching these businesses always leads nowhere.
Many of the people promoting these loans are "consultants" -- typically just affiliates for some MLM promoting commercial loans. I'm not talking about them, but it seems that the companies who recruit them are popping up as fast as you can say "loan."
It seems that I can never find a website with a legitimate company associated with any of these various commercial lenders.
I guess I was curious what others have run across?
Are these folks just a bunch of scammers trying to take advantage of people (my theory) OR is there something I'm missing?
It looks to me like this is an industry that is completely overrun with BS, NO?
I look forward to the feedback.
NOTE: I realize that private money is typically just that -- private -- but it seems like there is something amiss here....