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Updated about 1 year ago on . Most recent reply

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Lara Taylor
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26
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Kennedy Funding company | Kennedy funding lawsuit?

Lara Taylor
Posted

Has anyone ever had any deals with them and if so what is your experience? I have a deal I am trying to finance and I have been talking to this company. Reason I am hesitant is due to the fees they want up front. 

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Tarik Turner
  • Lender
  • Hackensack, NJ
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1,166
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Tarik Turner
  • Lender
  • Hackensack, NJ
Replied

 Yeah the down side is that they do ask for the due diligence fee with only preliminary information required for submission.  It's a simple form and a few Docs that they require  prior to the fee request and Paying the fee obviously doesn't guarantee that they will approve the deal. 

I would suggest to speak with a broker or someone familiar with the process and have them review a full package and try to look for any possible red flags in advance. 

Also again if this is a simple bridge loan there are so many companies that do not require the due diligence fee. My recommendation of this company would really depend on the loan scenario. 

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