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Updated about 7 years ago on . Most recent reply

User Stats

40
Posts
13
Votes
Evan C. Davies
  • Rental Property Investor
  • Indianapolis, IN
13
Votes |
40
Posts

Has Anyone Used this Private Lender? Financial Global, LLC

Evan C. Davies
  • Rental Property Investor
  • Indianapolis, IN
Posted

Hello, I've been talking with individuals loaning under the umbrella of Financial Global, LLC out of San Jose, CA. They're offering a shockingly low rate of 4%, only do deals over 100k, and charge a 5k loan processing fee. They have a POF in the 8 figures range & the CEO is Craig Fenton. Has anyone worked with these guys before or know someone who has to be able to offer a recommendation good or ill?

Most Popular Reply

User Stats

5,116
Posts
5,177
Votes
Kyle J.
  • Rental Property Investor
  • Northern, CA
5,177
Votes |
5,116
Posts
Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

4% interest + 5k loan processing fee from someone you don't know = 100% scam.

If you're still not convinced, I just checked and there is no such company called "Financial Global, LLC" registered in the State of California. You can check for yourself here: https://businesssearch.sos.ca.gov/

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