Canam Funding - anyone know them?

Question

Hello all,

I'm a Canadian investor looking at opportunities in the US. I came across what appears to be a funding company that specializes in providing capital for Canadians investing in US real estate.

Here's a link to their website: http://canamfunding.com/proof-of-funds/

It looks like they are providing 2 things:

1. A "Proof of Funds" letter

2. A list of "potential" investors in the area - and oddly, this list is available for free download on the site.

And "Our processing fee for each real estate deal submitted for Canam funding is only $495"

There is something that seems odd about this. Does anyone have any experience with them?

Thanks,

Andrew

Beverly Hankerson · Answer

Yes Dennis, we did close in June

Roy N. · Answer

CanAm funding appears to be a match-making front. The following disclaimer is on the main page of their website:

Yet, elsewhere on the site - the profile of David Early - it contradicts the above disclaimer:

Ironically, despite the allusion to being a Canadian firm, the two principals appear to be U.S.A. citizens.

Colton Smith - who shares a name with a mixed martial arts fighter - is still listed as an associate director of the Salt Lake City office of Marcus & Millichap Capital Corporation

David Early - who shares a name with the now deceased actor - was a little more difficult to locate, but appears to now be involved with The Donald and continues to design marketing and sales products.

Dennis Williams · Answer

@Beverly Hankerson  I just received an offer from a buyer in Canada using Canam as their funding source.  Did you ever close on your property with you buyer using this funding source?

Andrew K. · Answer

Thanks Beverly.

Beverly Hankerson · Answer

Hi Andrew,

I'm in the process of selling a property to someone from Canada who is using Canam to fund the deal.  I'll let you know how that turns out.

Beverly