Any heard of: All Diversified Lending LLC???
Real Estate Agent · Evergreen, CO · Member since 2015 · 126 posts · 73 votes
Any heard of: All Diversified Lending LLC???
Most Popular Reply
I also received info from them and never heard of them either.
My theory is that if they send an email with a gmail account & no website be careful because they might not be legit.
36 Replies
- 3yErik EstradaBusiness MemberLender · Member since 2022 · 6k+ posts · 1k+ votes
Never heard of them. What terms are they offering? If it's too good to be true it probably is.
I've seen it time and time again where an investor rate shops only to get a horrible experience and the deal fall out, only to go back to square one and find another lender that can perform.
I would recommend working with a solid mortgage broker. This will eliminate the room for error and the uncertainty of a lender's performance.
LuxePrivate Investments LLC 570 Reviews - Real Estate Agent · Evergreen, CO · Member since 2015 · 126 posts · 73 votes3y
Quote from @Erik Estrada:
Never heard of them. What terms are they offering? If it's too good to be true it probably is.
I've seen it time and time again where an investor rate shops only to get a horrible experience and the deal fall out, only to go back to square one and find another lender that can perform.
I would recommend working with a solid mortgage broker. This will eliminate the room for error and the uncertainty of a lender's performance.
Hey Erik,
Appreciate the thoughts. I’m not a newbie or a rate shopper and have plenty of solid lending partners. I just wanted to know if anyone heard of them as I hadn’t and they’ve been doing some posting on a group I belong to.
Thanks,
Michael
- Lender · United States · Member since 2020 · 1k+ posts · 499 votes3y
I've been brokering for 4 years and I'll highlight what's been mentioned:
1.) No real lender uses a Gmail email domain
2.) If it sounds too good to be true, it is, especially in finance. If they are offering unheard of rates or LTV, then all their competitors would be out of business.
- Member since 2023 · 1 post · 0 votes3y
I received their information as well and was very interested in the 90% LTV but am very leery as well.
- Rental Property Investor · Sandy, UT · Member since 2022 · 1 post · 0 votes3yHey! Give us tips on how to make a safe, legitimate loan with private lender. Is it normal to pay down or fee before getting the $$? Which means we can follow to make a transaction of loan?
Quote from @Timothy Hero:
I've been brokering for 4 years and I'll highlight what's been mentioned:
1.) No real lender uses a Gmail email domain
2.) If it sounds too good to be true, it is, especially in finance. If they are offering unheard of rates or LTV, then all their competitors would be out of business.
- Lender · United States · Member since 2020 · 1k+ posts · 499 votes3y
Quote from @Simone Morais:
Hey! Give us tips on how to make a safe, legitimate loan with private lender. Is it normal to pay down or fee before getting the $$? Which means we can follow to make a transaction of loan?Quote from @Timothy Hero:
I've been brokering for 4 years and I'll highlight what's been mentioned:
1.) No real lender uses a Gmail email domain
2.) If it sounds too good to be true, it is, especially in finance. If they are offering unheard of rates or LTV, then all their competitors would be out of business.
If you're referring to a true private lender, like an individual investor lending you money, in some cases, many charge 1-3 pts upfront. - Member since 2023 · 2 posts · 1 vote3y
When the leading question on their website is "Why to choose" when they mean "Why choose" probably a good sign there is something wrong there.
Why to choose between great rates and great customer service? Get both!
- Canada · Member since 2017 · 49 posts · 5 votes3y
bump for more opinions....
I see them post their ads regularly on facebook real estate groups...
- Member since 2022 · 57 posts · 24 votes3y
I asked a couple questions from a post in a Facebook group from this company, now I receive an email daily asking if I'm still interested in the loan. The emails are very short and unprofessional, I am going to steer away (but this is just a gut feeling, opinion, I have not worked with them).
- Member since 2023 · 1 post · 0 votes3y
I just received a quote from them as well. It looks too good to be true. The gmail email made me wonder about their credibility as well.. New investor here so I am extra cautious. Thanks to everyone who responded. it helps a lot.
- Member since 2023 · 4 posts · 1 vote2y
I'm looking at them right now and trying to determine if they're real or a scam. They have a main email address: info@ but the originator that I am in contact with has only a gmail with his first name and company name. Their website doesn't show their Lenders license number and I thought that that was supposed to appear on all advertising which includes a website. I emailed the main address and asked about a license number and they responded this, "Unlike other individual HML we're not limited to an NMLS because we offer a nationwide lending option." Is this true?!!!!
The originator emailed me an app that looks put together very well. They also have an online application that is very poorly put together. You're supposed to provide 2 months bank statements but it will only allow you to upload one! Not a good sign! I also find it weird that when I Google for reviews and I can't find any! I'm going to get their license number and do a lot of research before I submit my info. Honestly, their loan programs are too good to be true! If they are real, jump onboard!! They also have a Personal loan, $40k to $900k at 5%!! That rate, TODAY is WAY low!!
After I do research on their license number etc. I'll pop back in and post what I find. In the meantime, if anyone has additional information, PLEASE post it!
- Any update?
Quote from @David Walley:
I'm looking at them right now and trying to determine if they're real or a scam. They have a main email address: info@ but the originator that I am in contact with has only a gmail with his first name and company name. Their website doesn't show their Lenders license number and I thought that that was supposed to appear on all advertising which includes a website. I emailed the main address and asked about a license number and they responded this, "Unlike other individual HML we're not limited to an NMLS because we offer a nationwide lending option." Is this true?!!!!
The originator emailed me an app that looks put together very well. They also have an online application that is very poorly put together. You're supposed to provide 2 months bank statements but it will only allow you to upload one! Not a good sign! I also find it weird that when I Google for reviews and I can't find any! I'm going to get their license number and do a lot of research before I submit my info. Honestly, their loan programs are too good to be true! If they are real, jump onboard!! They also have a Personal loan, $40k to $900k at 5%!! That rate, TODAY is WAY low!!
After I do research on their license number etc. I'll pop back in and post what I find. In the meantime, if anyone has additional information, PLEASE post it!
- Member since 2023 · 4 posts · 1 vote2y
Quote from @Ken Stoll:
Any update?Quote from @David Walley:
I'm looking at them right now and trying to determine if they're real or a scam. They have a main email address: info@ but the originator that I am in contact with has only a gmail with his first name and company name. Their website doesn't show their Lenders license number and I thought that that was supposed to appear on all advertising which includes a website. I emailed the main address and asked about a license number and they responded this, "Unlike other individual HML we're not limited to an NMLS because we offer a nationwide lending option." Is this true?!!!!
The originator emailed me an app that looks put together very well. They also have an online application that is very poorly put together. You're supposed to provide 2 months bank statements but it will only allow you to upload one! Not a good sign! I also find it weird that when I Google for reviews and I can't find any! I'm going to get their license number and do a lot of research before I submit my info. Honestly, their loan programs are too good to be true! If they are real, jump onboard!! They also have a Personal loan, $40k to $900k at 5%!! That rate, TODAY is WAY low!!
After I do research on their license number etc. I'll pop back in and post what I find. In the meantime, if anyone has additional information, PLEASE post it!
I was unable to find even ONE review on them. After contacting them at their info email address I was told the reason they didn't have a mortgage lender's license was because they're a national lender! Another person there further stated that they're not a mortgage company their private investors who loan money to businesses who are in the real estate rehab.
I have not moved forward. If I can't find reviews, and a lot of them that are in favor of a company, I'm not a player.
- Member since 2023 · 1 post · 1 vote2y
I got the same type of email from gmail account . which means not from the business account. Also email quote is different then what it shows on website. If they have good rates and right loan performance they will get people crazy behind them. it seems something to be careful before submitting any info.
- 2yAndrea SleekBusiness MemberReal Estate Broker · Detroit, MI · Member since 2021 · 28 posts · 10 votes
I received an email from them today as well after seeing a post on an investor group site.
Says BBB Accredited Business but BBB site doesn't have them listed at all.
Looking to work with a Private Money lender on a triplex in Michigan ASAP. Ideally putting minimal down and close in my LLC's name.
Does anyone have a good experience with a PM lender that they can share or will recommend?
So many scammers out there it's hard to believe any of them.
- 2yPippa StewartPro MemberInvestor · NV · Member since 2022 · 12 posts · 3 votes
Hi Andrea, hope your New Year is starting well. Any more information on the previous lender that the group was discussing? Have you found a reputable lender for your triplex? If not, I would like to see if I can be of assistance. I have time on Monday, January 8th, 8-10 and 1-2 for a quick 15-minute talk, or you can go to the website and fill out an initial form. Let me know.
Pippa
- 2yAndrea SleekBusiness MemberReal Estate Broker · Detroit, MI · Member since 2021 · 28 posts · 10 votes
Quote from @Pippa Stewart:
Hi Andrea, hope your New Year is starting well. Any more information on the previous lender that the group was discussing? Have you found a reputable lender for your triplex? If not, I would like to see if I can be of assistance. I have time on Monday, January 8th, 8-10 and 1-2 for a quick 15-minute talk, or you can go to the website and fill out an initial form. Let me know.
Pippa
Thanks Pippa! I just private messaged you my info.
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Timothy Hero:
Quote from @Simone Morais:
Hey! Give us tips on how to make a safe, legitimate loan with private lender. Is it normal to pay down or fee before getting the $$? Which means we can follow to make a transaction of loan?Quote from @Timothy Hero:
I've been brokering for 4 years and I'll highlight what's been mentioned:
1.) No real lender uses a Gmail email domain
2.) If it sounds too good to be true, it is, especially in finance. If they are offering unheard of rates or LTV, then all their competitors would be out of business.
If you're referring to a true private lender, like an individual investor lending you money, in some cases, many charge 1-3 pts upfront.
U mean 1 to 3 points at closing not upfront fee like Fake lenders charge right ? - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Steven Miranda:
When the leading question on their website is "Why to choose" when they mean "Why choose" probably a good sign there is something wrong there.
Why to choose between great rates and great customer service? Get both!
bad english is a for certain red flag of fake lender. - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @David Walley:
I'm looking at them right now and trying to determine if they're real or a scam. They have a main email address: info@ but the originator that I am in contact with has only a gmail with his first name and company name. Their website doesn't show their Lenders license number and I thought that that was supposed to appear on all advertising which includes a website. I emailed the main address and asked about a license number and they responded this, "Unlike other individual HML we're not limited to an NMLS because we offer a nationwide lending option." Is this true?!!!!
The originator emailed me an app that looks put together very well. They also have an online application that is very poorly put together. You're supposed to provide 2 months bank statements but it will only allow you to upload one! Not a good sign! I also find it weird that when I Google for reviews and I can't find any! I'm going to get their license number and do a lot of research before I submit my info. Honestly, their loan programs are too good to be true! If they are real, jump onboard!! They also have a Personal loan, $40k to $900k at 5%!! That rate, TODAY is WAY low!!
After I do research on their license number etc. I'll pop back in and post what I find. In the meantime, if anyone has additional information, PLEASE post it!
OK lets clarify here.. I am a NMLS licensed Mortgage banker.. So I can for certain tell you that in 12 states you must be State licensed and NMLS registered to do any loans on 1 to 4 units. in the other state to do loans for commercial purposes so lend to LLC.. And NON owner occ only No license is required.. this is why many HML you see have no NMLS # on thier website if they are in a state that requires it and they are current and lending then yes it must be on the first page of their website just google any California lender and you will see it.
There is NO 5% money unless its your relatives lending it to you.. that on its face is showing you they are frauds and fake lenders full stop. Also RE lenders rarely have unsecured personal loans like NEVER.. they do RE not consumer loans.
So hope that helps.. some states that require licenses off the top of my head are . CA OR NV AZ
TN the Dakotas NO HML is licensed in all 50 states.. well there might be one or two but those would be the Big shops like Kiavi or Lima one etc.. Not your facebook G mail lenders. - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Andrea Sleek:
Quote from @Pippa Stewart:
Hi Andrea, hope your New Year is starting well. Any more information on the previous lender that the group was discussing? Have you found a reputable lender for your triplex? If not, I would like to see if I can be of assistance. I have time on Monday, January 8th, 8-10 and 1-2 for a quick 15-minute talk, or you can go to the website and fill out an initial form. Let me know.
Pippa
Thanks Pippa! I just private messaged you my info.
Careful on BP with folks with one post and hitting you up.. there are scammers who work you folks looking for Private Money.. Be very cautious. And do NOT send info or Money up front until they can prove they are real.. which most are not. Just go to the lender tab on this site and look at some of the bigger more established companies.. Rates are all the same between them .. might get a better rate with a lot of deals done in the last 3 years or so.. but if you have that kind of experience you probably already have your go to lenders.. CAUTION on this person reaching out to you. - 2yAndrea SleekBusiness MemberReal Estate Broker · Detroit, MI · Member since 2021 · 28 posts · 10 votes
Quote from @Jay Hinrichs:
Quote from @Andrea Sleek:
Quote from @Pippa Stewart:
Hi Andrea, hope your New Year is starting well. Any more information on the previous lender that the group was discussing? Have you found a reputable lender for your triplex? If not, I would like to see if I can be of assistance. I have time on Monday, January 8th, 8-10 and 1-2 for a quick 15-minute talk, or you can go to the website and fill out an initial form. Let me know.
Pippa
Thanks Pippa! I just private messaged you my info.
Careful on BP with folks with one post and hitting you up.. there are scammers who work you folks looking for Private Money.. Be very cautious. And do NOT send info or Money up front until they can prove they are real.. which most are not. Just go to the lender tab on this site and look at some of the bigger more established companies.. Rates are all the same between them .. might get a better rate with a lot of deals done in the last 3 years or so.. but if you have that kind of experience you probably already have your go to lenders.. CAUTION on this person reaching out to you.Thanks Jay!
- Member since 2023 · 1 post · 0 votes2y
I recently came across this group as well. Stay clear, given my gut feeling, and if someone refuses to do a face-to-face video call, this is my biggest red flag.
I requested a Zoom call - reply "I would prefer it if we spoke over the phone.. What's the best number I can reach you at?"
Me: For new business relationships I insist on a face to face call to help with our DD process and to match faces to names to you ID etc. Also, please share your LinkedIn profile link.
I can not see your business registered with BBB yet your email signature file has your group noted as an accredited business?
We do not see your lender license number, please provide. If this isn't required, please let me know why.
We would require who your legal counsel is for our DD files, please.
Reply " ......" crickets...Need I say more.
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @David Walley:
I'm looking at them right now and trying to determine if they're real or a scam. They have a main email address: info@ but the originator that I am in contact with has only a gmail with his first name and company name. Their website doesn't show their Lenders license number and I thought that that was supposed to appear on all advertising which includes a website. I emailed the main address and asked about a license number and they responded this, "Unlike other individual HML we're not limited to an NMLS because we offer a nationwide lending option." Is this true?!!!!
The originator emailed me an app that looks put together very well. They also have an online application that is very poorly put together. You're supposed to provide 2 months bank statements but it will only allow you to upload one! Not a good sign! I also find it weird that when I Google for reviews and I can't find any! I'm going to get their license number and do a lot of research before I submit my info. Honestly, their loan programs are too good to be true! If they are real, jump onboard!! They also have a Personal loan, $40k to $900k at 5%!! That rate, TODAY is WAY low!!
After I do research on their license number etc. I'll pop back in and post what I find. In the meantime, if anyone has additional information, PLEASE post it!
this is a pump and dump due diligence scam.. there is no 5% money when CD rates are 4 to 5% one needs to simply look at this logically. I understand most folks on this thread maybe newer investors or have not borrowed from HML or PM.. those rates ARE ALWAYS much higher than bank rates. U can play the game with them if you like.. but send no money up front and do not send in your real SSI # or real Bank info..
Join the conversationCreate a free account to reply, vote on answers and follow this thread.