Ever heard of DougLyons & Partners from Oakland?
Anybody know "Lender" Douglas Dorsey Lyons & Partners from Oakland?
Several weeks ago I posted on Bigger Pockets in search of a private loan for one of my associates.
Several people responded; one of them being Doug Lyons.
He did his due diligence on the property; drafted loan docs (which were fully executed) and he charged a fee for 3rd party reports.
My client spent significant time and money working with this so-called private lender and then the week before closing (which is supposed to be tomorrow) his wires never came through to escrow and he disappeared.
Anybody looking for a loan ought to avoid this scam artist.