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Timothy Sumpter's profile image
Timothy Sumpter's profile image
Timothy Sumpter
  • from Colorado Springs, CO
  • Member since Feb 12, 2020

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Timothy Sumpter's profile image
Timothy Sumpter
  • from Colorado Springs, CO
  • Member since Feb 12, 2020
Timothy Sumpter
  • Colorado Springs, CO
6
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Buying & Selling Real Estate

Hard Money Lender Xpress Loans 911

Timothy Sumpter
  • Colorado Springs, CO
Posted

Has anyone ever worked with the hard money lender Xpress Loans 911?

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Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014

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Jay Hinrichs's profile image
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Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied
Originally posted by @Chad C.:

Did they help close any of your deals?  I have one where they are looking to help finance $500.5K but I need to pay a $4995 commitment fee.  Any thoughts?  I'm nervous about doing this.  Need some guidance...

No offense but this is crazy stupid.. no one charges 1 point up front just for a commitment fee ..  its just not done like this in the industry.

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