Ascension Funding Group

New York, New York
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Ascension Funding Group

Brett Adler
Member since 2020 · 5 posts · 1 vote

Hello all, I'm an investor based out of NYC but i invest in Pennsylvania, in and around scranton. I currently have an apartment building under contract that's in Canton,PA and I have been looking for lenders. I came across Ascension Funding Group and was wondering if anybody has done business with them. The reps i've spoke to say it's a private money lender but I just want to make sure they're a legitimate company. If anybody has done business with them or has any experience with them I would like to hear your experience.

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  • Rivers Fike
    Lender · Member since 2023 · 52 posts · 18 votes
    3y

    Have not heard of them.

     I would just be careful sending any funds.  I don’t charge anything until the closing with all funds being escrowed by the title company/attorney.  This puts everyone involved in the transaction at ease.  

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  • Brett Adler
    OP
    Member since 2020 · 5 posts · 1 vote
    3y
    Quote from @Rivers Fike:

    Have not heard of them.

     I would just be careful sending any funds.  I don’t charge anything until the closing with all funds being escrowed by the title company/attorney.  This puts everyone involved in the transaction at ease.  


     I just spoke with them today, sounded interesting but nothing was mentioned about any transactions being made. They ask me to fill out a questionnaire first and if it looks promising one of the investors will reach out to me. I never dealt with a private lender before so im not entirely sure how they operate. 

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Brett Adler

    A lot of lenders also go through larger firms

    For example if it’s a deal I don’t like internally I can run it through kiavi as well or other lenders to fund

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  • Sean Roark
    Member since 2024 · 1 post · 0 votes
    2y

    @Brett Adler 

    Did you end up doing business with them? I came across Ascension recently as well but have not found any good reviews to go off of. 

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  • MATT L CLEMENTS
    Member since 2018 · 1 post · 0 votes
    2y
    Quote from @Brett Adler:
    Quote from @Rivers Fike:

    Have not heard of them.

     I would just be careful sending any funds.  I don’t charge anything until the closing with all funds being escrowed by the title company/attorney.  This puts everyone involved in the transaction at ease.  


     I just spoke with them today, sounded interesting but nothing was mentioned about any transactions being made. They ask me to fill out a questionnaire first and if it looks promising one of the investors will reach out to me. I never dealt with a private lender before so im not entirely sure how they operate. 

    @Brett Adler

    Did you end up doing business with them?  I am talking with them right now and wanted to hear any feedback.

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  • Brett Adler
    OP
    Member since 2020 · 5 posts · 1 vote
    2y
    Quote from @MATT L CLEMENTS:
    Quote from @Brett Adler:
    Quote from @Rivers Fike:

    Have not heard of them.

     I would just be careful sending any funds.  I don’t charge anything until the closing with all funds being escrowed by the title company/attorney.  This puts everyone involved in the transaction at ease.  


     I just spoke with them today, sounded interesting but nothing was mentioned about any transactions being made. They ask me to fill out a questionnaire first and if it looks promising one of the investors will reach out to me. I never dealt with a private lender before so im not entirely sure how they operate. 

    @Brett Adler

    Did you end up doing business with them?  I am talking with them right now and wanted to hear any feedback.

    I didn't, the deal fell through but I didn't decide to use them. Tried going through a conventional bank. 
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  • Matt Clements
    Member since 2024 · 1 post · 0 votes
    2y

    I’ve started the process with them.  I’ll keep you posted.  My deal isn’t under contract yet, but if we make it through, I’ll let you know if I ended up using them. Feel free to check back in with me.  
    Thanks!  

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    • Loveless Brandon
      Member since 2024 · 3 posts · 0 votes
      1y
      Quote from @Matt Clements:

      I’ve started the process with them.  I’ll keep you posted.  My deal isn’t under contract yet, but if we make it through, I’ll let you know if I ended up using them. Feel free to check back in with me.  
      Thanks!  

      You left us hanging Matt! How did the process go? How’d it all turn out? Enquiring minds want to know!
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  • Brett Adler
    OP
    Member since 2020 · 5 posts · 1 vote
    2y
    Quote from @Matt Clements:

    I’ve started the process with them.  I’ll keep you posted.  My deal isn’t under contract yet, but if we make it through, I’ll let you know if I ended up using them. Feel free to check back in with me.  
    Thanks!  


     I'll try to stay informed. I have a few potential deals in the pipeline so this could be a great avenue for me. 

    thank you

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