Anyone every use Constructive Loans?

[Mark F.]

Anyone on here try Constructive Loans or work with @David N.It seems like a bait and switch to me! 

All said and done it cost me an additional $2300 in fees for the HML that went past its maturity date plus the appraisal, all this could have been avoided if they told me they had an issue with my credit score from the beginning.

Also, it should be noted that my conventional broker was able to close the loan in 3 weeks and had no issues with my  credit with no points of course.  

Anyone else successfully and use Constructive Loans and been happy with them?

https://www.biggerpockets.com/forums/517/topics/693204-fix-and-flip-and-low-doc-rental-loans

Edited to add: I just tried to comment on the thread they posted 2 days ago and got an error message that I'm can not post a reply....... hmmmmm, perhaps they don't want the truth to come out.

Mark 

[Tony Blasioli]

Constructive kept me strung out for over a week, submitting doc and after doc after doc, only to tell me at the end, "Well, it doesn't look like you have enough liquidity."

No sh!t, Sherlock! Liquidity is what I was after. Why didn't you make your liquidity requirements known upfront and save me a lot of time and trouble?

I told them they are nothing more than bank loan officers, whose job is to sit and wait for someone to come in, hand them an application, then walk it down the hall to the loan committee. Give me a stalk of bananas and 15 minutes with a chimp and I can teach him that job.