Anyone done business with Black Onyx Lending?

Private Lending & Conventional Mortgage Advice

Anyone done business with Black Onyx Lending?

Investor · Overland Park, KS · Member since 2014 · 16 posts · 6 votes

Hello everyone,

I am a new investor in the Kansas City area. I am currently working to find the money to fund future deals. I found a company called Seed Capital and they referred me to Black Onyx Lending to get a line of credit for the business. Has anyone heard of or more importantly done business with Black Onyx Lending based in Michigan? Any information you may have would be appreciated.

Thank you.

Ijeoma

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Gary Floring

Bremerton, WA · Member since 2018 · 49 posts · 35 votes

Is this John A Sims the same one who has his mugshot posted at http://mugshots.com/US-Counties/Michigan/Kent-Coun... ???

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
11y
as long as you don't pay up front for anything other than an appraisal..
there seems to be some threads lately on vetting lenders... Having been a lender I never really thought of it that way.. As I looked at it the other way I have the money and some one wants to borrow it. But having talked to a few BP folks about people that contact them from BP promising to do deals for them and then they flake out.. I think this is a ligit question.
First I would check if they have an NMLS license if they do that puts them up a notch to a big notch. Not all states require this mind you but many do.. and I see many non licensed companies advertising they will do fix and flip in Oregon and I know they are not licensed to do so but they still advertise they will lend here.
So licencing... is one.. web site is another if the info current etc.. but if I was looking for money in a certain market I would concentrate on locals... and start there .. you can atleast meet with them.
In the day I was lending I was the largest HML in Mississippi of all places but my offices were in Oregon.. so I can see how someone would wonder what the heck I was doing there.. I got all my business from closing attorney referrals... so you may want to talk to some title companies and closing attornies and ask them who actually closes deals. they don't have to give specfics but they can say if they are doing any volume
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Rita Bautista
CEO · Chicago, IL · Member since 2015 · 108 posts · 20 votes
11y
I checked out their website, they appear to be a commercial loan broker. I would agree, with Jay, just make sure there is no money requested up front.
1 Reply
Jillian Summers
OP
Investor · Overland Park, KS · Member since 2014 · 16 posts · 6 votes
11y
Thank you both. I appreciate the information you have provided.
0 Reply
Jere Hinman
Otsego, MI · Member since 2016 · 1 post · 3 votes
10y
I'm not sure if this post went through already, so it might go twice. This is a late reply to your question, but I have only yesterday researched this company a little. Google John Albert Sims (Cascade Township) and you will find all you need to know. Felonies, scams, jail time, etc. He is the self-described owner of Black Onyx Lending.
3 Reply
Jerry Starr
Lender · West Palm Beach, FL · Member since 2015 · 11 posts · 4 votes
10y
Yes i would have to agree, Black Onyx is nothing more than a broker and a bad one at that. One major red flag as jay mentioned - if someone asks for upfront fees, " RUN"
3 Reply
Raymond McGill
Rental Property Investor · Rochester, NH · Member since 2016 · 116 posts · 27 votes
10y
Hilarious. The above post saying "Google John Sims" => crook with the following post from Jon Sims acting like its not his company.
3 Reply
Paul Sorum
Architect · Bismarck, ND · Member since 2017 · 3 posts · 2 votes
9y
I called all of the references for Black Onyx. Every reference was solid. No problems. This is a legitimate, reputable lending business.
1 Reply
Paul Sorum
Architect · Bismarck, ND · Member since 2017 · 3 posts · 2 votes
9y
I found these references on Yelp:
- Barbara A.
- Chicago, IL
- 0 friends
- 1 review
12/6/2016
I have worked with Black Onyx on several lucrative commercial real estate deals. They are professional, timely and had an answer for all of my questions. Very knowledgeable staff and I recommend them to all my colleagues in the business!
- Miriam M.
- Bakersfield, CA
- 0 friends
- 2 reviews
12/5/2016
Black Onyx Lending Firm helped me with my start up business financing. In less than 60 days I was open for business!
The professional, knowledgeable staff helped me every step of the way. Thank you!
1 Reply
John S.
Lender · Chicago, IL · Member since 2015 · 71 posts · 19 votes
8y
I have had the pleasure of working with great hard working professionals. Both team players, and business owners. I have learned how to say no when we can not assist people by learning how and why the Lending Community and private investors say no. It has help us all mentor individuals to seek their goals and achieve them faster with less hardships.
It is the greatest feeling to see people close on their loans!! Wishing everyone much success.
0 Reply
Chelsea Ray
Member since 2018 · 23 posts · 6 votes
8y
This guy john sims is a fraud, scam artist and everything else in between- he operates black onyx lending and finds people to scam on LinkedIn to scam and take money from. We were doing a deal together and he said that he had a client interested in funding our project but needed 10k for admin fees, etc. So we sent it over- dumb I know! He would then not answer email or calls and acted like he was doing us a favor. Long story short, we asked for a refund of funds as he had done nothing but waste our time giving us the run around. He said he was issuing us a return of funds over a week ago and still nothing after numerous times going back and forth. Then to top it all off, he tries to contact my client behind my back saying he had a funder- ya right! He is now trying to get me to sign a document that he has 60 days to pay back funds and that is subject to review and only 55%-75% of it might be returned if any. He keeps saying that until he gets that document signed he will not send back funds.
You've scammed me enough john sims. Send the money you said you would/owe back. I have contacted the district attorney and have also filed a criminal report with in the chicago area.
This guy also has been to prison for this before and from the looks of it, this this isn't the first time he has pulled this trick of his.
DO NOT DO BUSINESS WITH JOHN SIMS!!! LEARN FROM MY EXPERIENCE AND STAY AWAY FROM JOHN SIMS!!!
1 Reply
Gary Floring
Bremerton, WA · Member since 2018 · 49 posts · 35 votes
8y
Is this John A Sims the same one who has his mugshot posted at http://mugshots.com/US-Counties/Michigan/Kent-Coun... ???
4 Reply
John S.
Lender · Chicago, IL · Member since 2015 · 71 posts · 19 votes
8y
In defense of things that are found on this page about this company most of those who are posting here are not a real person nor are they anyone we have ever done business with, using these facts you will see that we are not a bad company and we do have a high completion rate. Please give us a call and we will discuss anything you might need.
0 Reply
Chelsea Ray
Member since 2018 · 23 posts · 6 votes
8y
I have to disagree with John Sims. The people here who post are real and need to share their experiences. Nobody should be ripped off and by scamming people out of money is just wrong. It would be nice is black onxy lending and john sims would return the 10k like he said.
When I spoke to john sims on the phone he was very convincing and assured me that everything against him with rubbish and lies so I decided to take a chance- boy was I wrong. Now I am out 10k plus legal fees now
1 Reply
John S.
Lender · Chicago, IL · Member since 2015 · 71 posts · 19 votes
8y
I do not need to call people out to make myself look or sound good. Black Onyx has never done business with anyone by the name making comments. If you have any questions please contact us.
0 Reply
John S.
Lender · Chicago, IL · Member since 2015 · 71 posts · 19 votes
8y
Originally posted by @Chelsea Ray:

This guy john sims is a fraud, scam artist and everything else in between- he operates black onyx lending and finds people to scam on LinkedIn to scam and take money from. We were doing a deal together and he said that he had a client interested in funding our project but needed 10k for admin fees, etc. So we sent it over- dumb I know! He would then not answer email or calls and acted like he was doing us a favor. Long story short, we asked for a refund of funds as he had done nothing but waste our time giving us the run around. He said he was issuing us a return of funds over a week ago and still nothing after numerous times going back and forth. Then to top it all off, he tries to contact my client behind my back saying he had a funder- ya right! He is now trying to get me to sign a document that he has 60 days to pay back funds and that is subject to review and only 55%-75% of it might be returned if any. He keeps saying that until he gets that document signed he will not send back funds.
You've scammed me enough john sims. Send the money you said you would/owe back. I have contacted the district attorney and have also filed a criminal report with in the chicago area.
This guy also has been to prison for this before and from the looks of it, this this isn't the first time he has pulled this trick of his.
DO NOT DO BUSINESS WITH JOHN SIMS!!! LEARN FROM MY EXPERIENCE AND STAY AWAY FROM JOHN SIMS!!!
0 Reply
John S.
Lender · Chicago, IL · Member since 2015 · 71 posts · 19 votes
8y
This is fraudulent and reficulus! Our clients that are real have great reviews for our fast loan process
0 Reply
Chelsea Ray
Member since 2018 · 23 posts · 6 votes
8y
Then why haven't you returned the 10k like you said?! Very simple considering black onyx is supposed to be an honest company. Last time I checked their have also been no completed deals with the person I was referred by...
1 Reply
Chelsea Ray
Member since 2018 · 23 posts · 6 votes
8y
Originally posted by @Gary Floring:

Is this John A Sims the same one who has his mugshot posted at http://mugshots.com/US-Counties/Michigan/Kent-Coun... ???
Same john sims who owns black onyx lending and presents like he just works for the company instead of owning it
0 Reply
John S.
Lender · Chicago, IL · Member since 2015 · 71 posts · 19 votes
8y
Originally posted by @John S.:

0 Reply
John S.
Lender · Chicago, IL · Member since 2015 · 71 posts · 19 votes
8y
I would like to assure anyone who is reading this that the person who is writing these negative comments is not a real person. We have never done business with them.
0 Reply
Chelsea Ray
Member since 2018 · 23 posts · 6 votes
8y
I would just like to assure people that john sims from black onxy lending fraudulently conned me out of 10k and is now not returning calls or emails after saying he would pay the amount back. Black onxy lending is a fraud of a business and pretends to have clients that fund deals but it's a lie to get money upfront. I would not recommend doing business with black onxy lending or john sims EVER!!!
1 Reply
Chelsea Ray
Member since 2018 · 23 posts · 6 votes
8y
check out the BBB. Black onxy lending has a complaint for fraudulently taking money
1 Reply
John S.
Lender · Chicago, IL · Member since 2015 · 71 posts · 19 votes
8y
@Chelsea Ray you are not a real person cause if you were we would have you for slander. Stop this childish behavior.
0 Reply
John S.
Lender · Chicago, IL · Member since 2015 · 71 posts · 19 votes
8y
I have asked Bigger Pockets to take down all these negative posts against myself, my team and my family!! To no avail BIGGER POCKETS is doing a very poor job taking down FRAUDULENT POSTINGS!!!! I would be ashamed if I was a part of BIGGER POCKETS as they do not understand that they have a responsibility to seek the truth on what is posted on their managed site!! BIGGER POCKETS IS A HORRIBLE EXCUSE FOR A INFORMATION SITE..........!!!!!!! Originally posted by @John S.:

@Chelsea Ray you are not a real person cause if you were we would have you for slander. Stop this childish behavior.
0 Reply
Rick DeKam
Portage, MI · Member since 2018 · 1 post · 3 votes
8y
I was their landlord at Creekside Business Center in Portage. They were under investigation by the police for much of the time that they were there. We finally evicted them for non-payment of rent.
3 Reply

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