Has anybody borrowed funds like this?

[Vish Iyer]

Dear Investors,

I recently got an offer to borrow money from a hedge fund.

These were the conditions:  I put 5% of the deal amount into an escrow account for 30 days. After the seasoning amount, the company funds the remaining amount including rehab cost and takes 15% of the profit after the property sells.

Has anybody used this type of loans? The person also placed an ad on BP about  this. Is it ok to put ur money upfront? 

Please share your experience.

Thanks
Vish

[Jay Hinrichs]

there are many companies that do all sorts of scams when it comes to lending money or doing deals  any company asking for more than an appraisal one needs to be wary... they usually make a living on their Due Diligence fee's  its old as the hills this scam