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Private Lending & Conventional Mortgage Advice

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Mark Faustrum
  • Rental Property Investor
  • Elgin, IL
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321
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Anyone every use Constructive Loans?

Mark Faustrum
  • Rental Property Investor
  • Elgin, IL
Posted Apr 7 2019, 20:31

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 

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