Any Experience With Spectrum REI?

[Jonathan Liu]

I have been looking for solid asset-based lenders (I left my job last year to focus on real estate so I can't get conventional financing). I recently received a call from a rep at Spectrum REI (www.spectrumrei.com). Their rates and terms for their 30 year fixed products seem attractive (80% LTV, 5-7%, and 2 points). However, their website is pretty sparse and the only thing I found when I googled them was a negative review on another forum. Has anyone worked with Spectrum REI. Would greatly appreciate any feedback good or bad.

Thank you in advance!