How Do You Spot a Bad Lender?

[Doug Clark]

I’ve been thinking a lot about how much a lender can make or break a deal. You find some who are responsive, clear, and actually make things easier, they get you the funds on time, answer your questions without rolling their eyes, and don’t surprise you with hidden costs. But then there are others… the ones who slow everything down, tack on unexpected application fees or processing costs, or just have terrible communication that leaves you guessing and stressed out.

I’m curious  which lenders have you worked with and had a bad encounter? Was it the fees that made you hesitate, the lack of transparency, or just that they weren’t on the same page when deadlines mattered? How did you realize it was time to move on, and what lessons did you take away from that experience?

I think sharing stories like this is super helpful, especially for newer investors trying to figure out who to trust. It’s amazing how one good (or bad) lender can change the whole outcome of a deal.