AEGIS transactional funding - Good bad ugly
I'd like to hear people's experiences with Aegis. I'm looking for longer transactional funding. 30-90 days. If anyone has used them, would you let me know your thoughts?
Thanks
Most Popular Reply
I have not used them. Have read posts from 1 person who has and everything went fine apparently.
Be sure to look closely at their contracts.
Realize that this is not a loan, but an equity investment.
There is no foreclosure process or "borrower protections" if you default. In fact, the contracts say they can simply take the property from you for any reason at any time. That might be ok with you and they might not abuse it...but buyer beware.