All Forum Posts by: Robert McClung III

The contract is pretty straight forward and he says the fee is refundable but not in the contract. He wont close through Escrow either which is super weird and he doesnt want a mortgage lien which ultimately is more risky for him and its just a business loan with personal guaranty and promissory note. Just all seems fishy but all his information matches state business license and info. Im just not willing to take risk I guess and going with gut instinct. 

Hi Janet, 

I would love to connect and chat to see what synergy comes about and see if you can help me with some fundings. I am an active real estate investor and work as a coach/consultant to an investment group with 70+ active investors all looking for help with fundings for BRRRRs and fix n flips. 

What markets and states are you currently lending in and any minimum scenarios you require for your loans? LTC, ARV, LTV, Experience, etc etc

Looking forward to connecting soon. 

714-654-5070 - Robert McClung 

[email protected]

Hi Joe, 

I have used private money a few times and like lowest points and I/O payments specially if I can include it upfront and not have to make a couple months payments. Flat fees can work in this case also if no monthly payments needed. All my deals have been at 70% ARV so most lenders like it but exact market is huge as I have tried in few markets and certain lenders wouldnt touch them as they didnt like those markets.

Curious if anyone has ever used or worked with Lotus Assets Management LLC out of Kissimmee, FL. They were one of a few lenders offering 100% purchase and full rehab in Chicago, which most lenders are staying away from currently, but have an upfront fee after loan approval before funding. Company  looks legit and registered win FL and with SEC for investments but hesitant with upfront fee. 

Curious if anyone has ever used or worked with Lotus Assets Management LLC out of Kissimmee, FL for a short term bridge loan?

Offering 100% of purchase and rehab with no monthly payments for flat fee with upfront fee after loan approval?

Never heard of upfront fee after loan approval personally and seems fishy so just curious if any one had experience good or bad?

Curious if anyone has ever used or worked with Lotus Assets Management LLC out of Kissimmee, FL for a short term bridge loan? 

Offering 100% of purchase and rehab with no monthly payments for flat fee with upfront fee after loan approval? 

Never heard of upfront fee after loan approval personally and seems fishy so just curious if any one had experience good or bad?