PML Bridge fund of Cincinnati
Is anyone here familiar with PML bridge fun of Cincinnati? Has anyone worked with them or if you heard anything go to bad about them? Are they legit?
Quote from @Renae Cooper:
Is anyone here familiar with PML bridge fun of Cincinnati? Has anyone worked with them or if you heard anything go to bad about them? Are they legit?
Hey Renae,
What terms are they offering you? Why do you have doubts about them?
Quote from @Erik Estrada:
Quote from @Renae Cooper:
Is anyone here familiar with PML bridge fun of Cincinnati? Has anyone worked with them or if you heard anything go to bad about them? Are they legit?
I was wondering the same about them. Their website says it's not safe to go to. They don't have a loan or mortgage number for them in email. I was approached by Ryan Koester.
Hey Renae,
What terms are they offering you? Why do you have doubts about them?
Did you ever get info from someone who used them before? I was approached too
Whenever I speak with someone that would like to verify if we are legit I always encourage them to speak with the title companies we do business with. They are a fiduciary and will give you verification that we are legit and use them for many deals each month. Reach out to me any time and I will give you the contact information for the title companies. Have a great day!
Ryan @ PML Bridge Fund
Quote from @Benjamin Merriman:
Quote from @Erik Estrada:
Quote from @Renae Cooper:
Is anyone here familiar with PML bridge fun of Cincinnati? Has anyone worked with them or if you heard anything go to bad about them? Are they legit?
I was wondering the same about them. Their website says it's not safe to go to. They don't have a loan or mortgage number for them in email. I was approached by Ryan Koester.
Hey Renae,
What terms are they offering you? Why do you have doubts about them?
Be careful. Do not pay any upfront origination fees.
Also be careful it's not a scammer that will take your SSN or other personal info. I would recommend working with a licensed broker instead
Quote from @Ryan Koester:
Whenever I speak with someone that would like to verify if we are legit I always encourage them to speak with the title companies we do business with. They are a fiduciary and will give you verification that we are legit and use them for many deals each month. Reach out to me any time and I will give you the contact information for the title companies. Have a great day!
Ryan @ PML Bridge Fund
I would like to contact you in private
I'm interested in other's experiences with this company as well.
They also operate under this name:
Secured Lending Solutions
I've been trying to get a deal done with this company for two months. First, they wanted to charge me $1000 upfront so "their attorneys" could prepare the paperwork but I pushed back and said my title company could take care of the paperwork on my end which they seemingly agreed to.
I was dealing with Ryan Koester who put me on the phone with Scott Ulmer (the guy in the videos on the pmlbridgefund.com website). After that, they sent me a "Conditional Commitment Letter Proposal outlining the terms of my deal with them. Then they asked me to fill out and return a few documents which I did. After that, its been crickets. I've followed up with Ryan multiple times. He initially sent a text saying my documents were being reviewed. After that, he hasn't answered any of my texts or returned my phone calls. My title company also reached out to him and I don't think they've heard from him either so I don't know what his deal is. I asked him to just let me know if they've passed and still nothing.
I even tried to get Scott Ulmer on the line who said during the phone call that I can call him anytime. All I got was someone saying she was his assistant for but some reason couldn't get him on the line either and she sound like she was at home on her cell phone. Anyway, I'd just say proceed with caution. IF it sounds too good to be true, it usually is.
Quote from @Lena Claybon:
I've been trying to get a deal done with this company for two months. First, they wanted to charge me $1000 upfront so "their attorneys" could prepare the paperwork but I pushed back and said my title company could take care of the paperwork on my end which they seemingly agreed to.
I was dealing with Ryan Koester who put me on the phone with Scott Ulmer (the guy in the videos on the pmlbridgefund.com website). After that, they sent me a "Conditional Commitment Letter Proposal outlining the terms of my deal with them. Then they asked me to fill out and return a few documents which I did. After that, its been crickets. I've followed up with Ryan multiple times. He initially sent a text saying my documents were being reviewed. After that, he hasn't answered any of my texts or returned my phone calls. My title company also reached out to him and I don't think they've heard from him either so I don't know what his deal is. I asked him to just let me know if they've passed and still nothing.
I even tried to get Scott Ulmer on the line who said during the phone call that I can call him anytime. All I got was someone saying she was his assistant for but some reason couldn't get him on the line either and she sound like she was at home on her cell phone. Anyway, I'd just say proceed with caution. IF it sounds too good to be true, it usually is.
UPDATE: Finally got a call today from someone at the company. Said there had been a breakdown in communication and she was handling my case. Asked me to send her all my docs which I did. We'll see where it goes from here. Will keep you posted!
Quote from @Renae Cooper:
Is anyone here familiar with PML bridge fun of Cincinnati? Has anyone worked with them or if you heard anything go to bad about them? Are they legit?
They're not someone that we're familiar with, but that doesn't necessarily mean they're scamming you. Keep an eye out for major red flsgs - no upfront fees or things like that.
If you post or send me the terms, I'm happy to review and make sure you're getting a fair shake.
told us 2 weeks or so. completed title check 2 weeks ago. we are now 4 weeks out and still no answers. they will tell you whatever it takes to keep you baited. beware. will give another week and see if its still a run around
Quote from @Rich Knorr:
told us 2 weeks or so. completed title check 2 weeks ago. we are now 4 weeks out and still no answers. they will tell you whatever it takes to keep you baited. beware. will give another week and see if its still a run around
I agree. After a couple of different people reached out to me to keep baiting me, then nothing. And I couldn't get either of them back on the phone. I've determined that they are full of you know what. I don't know what they gain from stringing you along but they're not worth the time. DON'T DO BUSINESS WITH THEM!!!
Be careful. They charge outrageous fees. I would have your attorney go over any paperwork with you and explain the true cost of the money.
Based on our experience, I'd say find another lender. They ultimately held up our deal and blamed it on insurance...saying due to the condition, no one would insure the property which was b.s...we've had far worse properties insured and a tenant had just moved out. (Dawn Napier could be more pleasant as well.)
We closed our deal but it was not with them.
The reason that i asked about them on this thread originally was i was in the midst of the deal and seeing red flags with their communication and organization. They allegedly were "partnering" with the buyer.
RE:
Unfortunately, we will not be moving forward with this closing nor this real estate transaction.
As you know, the insurance company would NOT insure this property due to the condition of the property, as well as other specific reasons.
This is now a dead deal.
Respectfully,
Dawn M. Napier
Quote from @Rebecca Knox:
Based on our experience, I'd say find another lender. They ultimately held up our deal and blamed it on insurance...saying due to the condition, no one would insure the property which was b.s...we've had far worse properties insured and a tenant had just moved out. (Dawn Napier could be more pleasant as well.)
We closed our deal but it was not with them.
The reason that i asked about them on this thread originally was i was in the midst of the deal and seeing red flags with their communication and organization. They allegedly were "partnering" with the buyer.
RE:
Unfortunately, we will not be moving forward with this closing nor this real estate transaction.
As you know, the insurance company would NOT insure this property due to the condition of the property, as well as other specific reasons.
This is now a dead deal.
Respectfully,
Dawn M. Napier
YES STAY FAR AWAY
THEY HAVE HAD REGULATORY ISSUES IN KENTUCKY
THIS IS A DIRTY COMPANY
They run it like amway,
Paying a bird dog fee to reel in suckers
Quote from @Rico Johnson:STAY VERY FAR AWAY
Be careful. They charge outrageous fees. I would have your attorney go over any paperwork with you and explain the true cost of the money.