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
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ 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
A Nevada Lender MUST be licensed and have their NMLS and state license # on any advertising they do including BP post like this.. CAREFUL .. - 2yPippa StewartPro MemberInvestor · NV · Member since 2022 · 12 posts · 3 votes
Quote from @Jay Hinrichs:
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
A Nevada Lender MUST be licensed and have their NMLS and state license # on any advertising they do including BP post like this.. CAREFUL .. - 2yPippa StewartPro MemberInvestor · NV · Member since 2022 · 12 posts · 3 votes
Hi Jay, I never said I was a lender. And if you go to my website, it does not say that I am a lender. What it does say is that I have access to private money and access to funding. I have never made any misrepresentation. Same thing about making comments about being careful about those who have only made one post. EVERYONE has only made one post until they have made their second one. Can we have a collegial space here? Thanks.
- 2yPippa StewartPro MemberInvestor · NV · Member since 2022 · 12 posts · 3 votes
Quote from @Pippa Stewart:
Quote from @Jay Hinrichs:
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
A Nevada Lender MUST be licensed and have their NMLS and state license # on any advertising they do including BP post like this.. CAREFUL .. - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Pippa Stewart:
Hi Jay, I never said I was a lender. And if you go to my website, it does not say that I am a lender. What it does say is that I have access to private money and access to funding. I have never made any misrepresentation. Same thing about making comments about being careful about those who have only made one post. EVERYONE has only made one post until they have made their second one. Can we have a collegial space here? Thanks.
OK to funny, in your avatar you advertise yourself as a lender. It says Pippa Stewart/ Lender/ Nevada so what is that ? . And just so you know any thing that has to do with bringing a borrower and a lender together for compensation in 12 states requires a license. Nevada being one of them.. so Yes you need a license in those states.. The others for non owner occupied you do not.. thats the point i was making.. you cant hide behind I just bring private people together thats not the law in the 12 states. - 2yPippa StewartPro MemberInvestor · NV · Member since 2022 · 12 posts · 3 votesI wasn't trying do anything wrong, fool anyone, or be manipulative. The profile was created by our IT director, and he chose lender because he wasn't aware of the nuance. Perhaps a comment of "hey by the way" instead of a comment on the board making an assumption that someone is trying to do something wrong. Please understand that most be don't have bad intentions. I understand the laws as well Jay, my partnerships are tight, and so is my legal counsel. Thanks for the advice. Have a great day.
Quote from @Jay Hinrichs:
Quote from @Pippa Stewart:
Hi Jay, I never said I was a lender. And if you go to my website, it does not say that I am a lender. What it does say is that I have access to private money and access to funding. I have never made any misrepresentation. Same thing about making comments about being careful about those who have only made one post. EVERYONE has only made one post until they have made their second one. Can we have a collegial space here? Thanks.
OK to funny, in your avatar you advertise yourself as a lender. It says Pippa Stewart/ Lender/ Nevada so what is that ? . And just so you know any thing that has to do with bringing a borrower and a lender together for compensation in 12 states requires a license. Nevada being one of them.. so Yes you need a license in those states.. The others for non owner occupied you do not.. thats the point i was making.. you cant hide behind I just bring private people together thats not the law in the 12 states. - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Pippa Stewart:
I wasn't trying do anything wrong, fool anyone, or be manipulative. The profile was created by our IT director, and he chose lender because he wasn't aware of the nuance. Perhaps a comment of "hey by the way" instead of a comment on the board making an assumption that someone is trying to do something wrong. Please understand that most be don't have bad intentions. I understand the laws as well Jay, my partnerships are tight, and so is my legal counsel. Thanks for the advice. Have a great day.Quote from @Jay Hinrichs:
Quote from @Pippa Stewart:
Hi Jay, I never said I was a lender. And if you go to my website, it does not say that I am a lender. What it does say is that I have access to private money and access to funding. I have never made any misrepresentation. Same thing about making comments about being careful about those who have only made one post. EVERYONE has only made one post until they have made their second one. Can we have a collegial space here? Thanks.
OK to funny, in your avatar you advertise yourself as a lender. It says Pippa Stewart/ Lender/ Nevada so what is that ? . And just so you know any thing that has to do with bringing a borrower and a lender together for compensation in 12 states requires a license. Nevada being one of them.. so Yes you need a license in those states.. The others for non owner occupied you do not.. thats the point i was making.. you cant hide behind I just bring private people together thats not the law in the 12 states.
well your legal council is in adequate and I highly doubt they authorized you to hold yourself out as a lender on Social media thats a clear violation. And folks on BP have been taken advantage of big time by fake lenders or not ready for prime time brokers etc.. So even though we all want to hold each other up we also have to protect the innocent from poor advice and those that really dont know the laws. - Lender · United States · Member since 2020 · 1k+ posts · 499 votes2y
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.
It's me -- I'm the solid mortgage broker, lol.
In all seriousness, if it's too good to be true, it definitely is in this industry. Not sure on the terms they offered, but I see people fall victim to the bs all the time. If there were a lender offering terms a mile ahead of the industry, the rest of the industry would have no business, unless said company was horrible at marketing.
But I haven't heard of them, but that should hold much weight, as it seems a new DSCR lender hits the scene weekly at this point.
- 2yPippa StewartPro MemberInvestor · NV · Member since 2022 · 12 posts · 3 votesJay, please stop harassing me. I get it, you are the expert in everything real estate, lending, brokering, and all. You are a top contributor and poster, you have a podcast and you are the man. Great and congratulations. Instead of building someone up, you go through posts and try to tear people down. I get there are scammers on here. There are scammers throughout all business. Did you go to my website? Does it say that I'm a lender? Does it say that I'm a realtor? Do my clients say that I misrepresented myself as a lender? No. So please just go do your podcast, and educate people on how to stay safe doing deals, growing wealth, being safe, and learning real estate concepts. There is nothing more to say on this subject. You have thoroughly berated and chastised. I got it, I'm a bad person. You've done your job. Good grief.
Quote from @Jay Hinrichs:
Quote from @Pippa Stewart:
I wasn't trying do anything wrong, fool anyone, or be manipulative. The profile was created by our IT director, and he chose lender because he wasn't aware of the nuance. Perhaps a comment of "hey by the way" instead of a comment on the board making an assumption that someone is trying to do something wrong. Please understand that most be don't have bad intentions. I understand the laws as well Jay, my partnerships are tight, and so is my legal counsel. Thanks for the advice. Have a great day.Quote from @Jay Hinrichs:
Quote from @Pippa Stewart:
Hi Jay, I never said I was a lender. And if you go to my website, it does not say that I am a lender. What it does say is that I have access to private money and access to funding. I have never made any misrepresentation. Same thing about making comments about being careful about those who have only made one post. EVERYONE has only made one post until they have made their second one. Can we have a collegial space here? Thanks.
OK to funny, in your avatar you advertise yourself as a lender. It says Pippa Stewart/ Lender/ Nevada so what is that ? . And just so you know any thing that has to do with bringing a borrower and a lender together for compensation in 12 states requires a license. Nevada being one of them.. so Yes you need a license in those states.. The others for non owner occupied you do not.. thats the point i was making.. you cant hide behind I just bring private people together thats not the law in the 12 states.
well your legal council is in adequate and I highly doubt they authorized you to hold yourself out as a lender on Social media thats a clear violation. And folks on BP have been taken advantage of big time by fake lenders or not ready for prime time brokers etc.. So even though we all want to hold each other up we also have to protect the innocent from poor advice and those that really dont know the laws. - Member since 2024 · 1 post · 0 votes2y
I have very similar experience with AD Lending LLC as some of you describe here. Interestingly enough, someone (who looks quite credible) in one of the Facebook groups messaged me about this lender and shared their very attractive terms. I reached out to AD lending via the phone number listed on their website, and when I received a call back I wad easily offered personal line of credit and fix & flip loan.
The person I connect via email is Jeff, whose signature also says he's Chief Executive / Loan Officer. I also received their loan application form (in a PDF file).
Everything raised concerns: no BBB listing (although BBB Accredited is in the signature), veeeery attractive loan terms (for fix and flip for example, I was told 7%, then 6%) with 90% funding (all before even asking about the property), lack of license #. So yeah, all very big and very red flags. Glad to hear that most of the people here are also concerned.
I haven't been asked for any fees or wires yet, just the application (which I haven't filled out).
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Katya Tatarchenko:
I have very similar experience with AD Lending LLC as some of you describe here. Interestingly enough, someone (who looks quite credible) in one of the Facebook groups messaged me about this lender and shared their very attractive terms. I reached out to AD lending via the phone number listed on their website, and when I received a call back I wad easily offered personal line of credit and fix & flip loan.
The person I connect via email is Jeff, whose signature also says he's Chief Executive / Loan Officer. I also received their loan application form (in a PDF file).
Everything raised concerns: no BBB listing (although BBB Accredited is in the signature), veeeery attractive loan terms (for fix and flip for example, I was told 7%, then 6%) with 90% funding (all before even asking about the property), lack of license #. So yeah, all very big and very red flags. Glad to hear that most of the people here are also concerned.
I haven't been asked for any fees or wires yet, just the application (which I haven't filled out).
there is no 6 to 7% interest loans the only exception is a local community bank where you would have substantial deposit relationship a local project etc.. My rates are all right at 7 to 7.5 but that is full doc and a Bank and Millions in cash in their bank with various companies we run and control.
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