Anyone familier with Seabury Investments?

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Mark MunsonBusiness Member
Lender · Orlando, FL · Member since 2022 · 440 posts · 300 votes
3y
Quote from @Kj Rustom:

I am considering a few loan programs from Seabury Investments and they seem to have decent rates and terms. Wanted to check in with the community if anyone has worked with them before and how did these guys perform?

https://seaburyinvestments.com

TIA!

Have you received a term sheet from them or are you just basing the "decent" terms off of their website? I ask because there is no way they are offering 6% on Fix and Flip loans. They would be bankrupt doing that and also allowing the borrower to order appraisals is a recipe for a BK.  
[email protected]407-900-8799
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  • Mark MunsonBusiness Member
    Lender · Orlando, FL · Member since 2022 · 440 posts · 300 votes
    3y
    Quote from @Kj Rustom:

    I am considering a few loan programs from Seabury Investments and they seem to have decent rates and terms. Wanted to check in with the community if anyone has worked with them before and how did these guys perform?

    https://seaburyinvestments.com

    TIA!

    Have you received a term sheet from them or are you just basing the "decent" terms off of their website? I ask because there is no way they are offering 6% on Fix and Flip loans. They would be bankrupt doing that and also allowing the borrower to order appraisals is a recipe for a BK.  
    [email protected]407-900-8799
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    2Reply
  • Michael Dumler
    Real Estate Agent · Atlanta, GA · Member since 2020 · 1k+ posts · 1k+ votes
    3y

    @Kj Rustom, I agree with Mark, after a glance at their website, their offer rates are not in line with the market whatsoever. That's a bit of a red flag to me. Never heard of these guys either. 

    1Reply
  • Yvonne Flores
    Plainview, TX · Member since 2019 · 8 posts · 3 votes
    3y

    Did you ever use them?

    0Reply
  • Eugene Neal
    Lender · Member since 2022 · 138 posts · 20 votes
    3y

    From researching their layouts and potential rates, I would stay away. They are not a direct lender and their last site update was in 2017. That is a reflag as 6 years and no redesign isn't acceptable. What type of loan were you requesting financing about? 

    1Reply
  • Eugene Neal
    Lender · Member since 2022 · 138 posts · 20 votes
    3y
    Quote from @Yvonne Flores:

    Did you ever use them?


     From reviewing their site, I wouldn't suggest it. 

    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3y
    Quote from @Eugene Neal:
    Quote from @Yvonne Flores:

    Did you ever use them?


     From reviewing their site, I wouldn't suggest it. 


     Yup - 15 seconds on the website tells you its bad news

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  • Eugene Neal
    Lender · Member since 2022 · 138 posts · 20 votes
    3y
    Quote from @Robin Simon:
    Quote from @Eugene Neal:
    Quote from @Yvonne Flores:

    Did you ever use them?


     From reviewing their site, I wouldn't suggest it. 


     Yup - 15 seconds on the website tells you its bad news


     Anyone that is currently quoting a 6% rate without a full application is oblivious. 

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    3y
    Quote from @Mark Munson:
    Quote from @Kj Rustom:

    I am considering a few loan programs from Seabury Investments and they seem to have decent rates and terms. Wanted to check in with the community if anyone has worked with them before and how did these guys perform?

    https://seaburyinvestments.com

    TIA!

    Have you received a term sheet from them or are you just basing the "decent" terms off of their website? I ask because there is no way they are offering 6% on Fix and Flip loans. They would be bankrupt doing that and also allowing the borrower to order appraisals is a recipe for a BK.  

    typical fake lender  pump and dump due diligence up front fee scammer  full stop.  
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  • Yvonne Flores
    Plainview, TX · Member since 2019 · 8 posts · 3 votes
    3y

    Thank you! Yes I called them and they had an accent from like Africa. Which told me they aren’t from Austin like their application said. Red flag! 🙅🏻‍♀️

    0Reply
  • Yvonne Flores
    Plainview, TX · Member since 2019 · 8 posts · 3 votes
    3y

    No. Their accent gave me wrong vibes.

    0Reply
  • Yvonne Flores
    Plainview, TX · Member since 2019 · 8 posts · 3 votes
    3y

    No their accent gave me wrong vibes. They didn’t sound like they were from Austin like their application said.

    0Reply
  • Alice Chodkowski
    Investor · Charlotte, NC · Member since 2015 · 12 posts · 5 votes
    3y

    @Yvonne Flores, my husband got a reply from them asking him to forward 2K to them so they could send him the 50K loan he asked for. After he asked them to deduct their fee from the loan they stopped responding. We could not get them on the phone either. Their rates are way to reasonable and they have a Gmail not a business email. I believe after doing research on them they are a scam.

    0Reply
  • Yvonne Flores
    Plainview, TX · Member since 2019 · 8 posts · 3 votes
    3y

    Yes they wanted the same from us. I did speak to “James Wilburn” and he had a bad accent. Didn’t sound like he was local.

    0Reply
  • Oscar Padilla
    New to Real Estate · Santa Cruz CA, United States · Member since 2020 · 21 posts · 22 votes
    3y

    Im glad I saw this, I was about to reach out to them.

    1Reply
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