Hello all,
I have an individual I am talking with from one of the posts. He is offering a possible loan to purchase a park with exceptional rates and terms. I am trying to validate if this is a legitimate company. Does anyone know Martin Fraser? He is with Kvvanto Global. He states he has done loans for several people on this forum. Can anyone give me a review?
thanks
hi Ben,
I would love to learn more about what he’s offering you. I am in the process of purchasing a park and could use a good lead.
saulrmc@gmail.com
thank you!
He offered a 4% loan. Send me you email and I can forward your info to him. I just need to verify it is legite.
If it sounds too good to be true well I think we know the rest. Make sure you don’t pay any up front fees. Let us know how this lender works out.
1 Like
Ya I wouldn’t be sending any personal information to anyone offering a loan at 4% these days
Yep @Ben.hancock just like Celectric says. NEVER pay any upfront fees. I’ve had a one or two ask me to do so, and I call them on it big time. At which time, they ghost me knowing I’m onto their little scam.
Vet this “lender” well:
-what is the last loan you made (property address)?
-are you a direct lender or broker? If broker, what brokerage house?
-Communicate: Make them run a call or zoom call - no texting out the gate
-bank/lending structure: how backed? private fund, money line, institution?
If they hesitate or cant answer all of these legimately, you should walk.
2 Likes
Ain’t no way, no how. Scam.
1 Like
You can go buy a 9-month CD @ 4.9%. Explain why anyone would lend at 4%. Naahhhhh
1 Like
Why would anyone lend at less than a Risk-Free Savings rate? 5/17/2024 Taken from www.bankrate.com
https://www.bankrate.com/banking/savings/rates/
1 Like
This is 100% a scam artist. Many of these fraudsters have common themes:
- Poor English/grammar on their website. I looked at the link and it fits. This is a foreign based scam.
- Try and search them online and there is no information on the individuals. Have you even known a mortgage or real estate sales person whose contact information is difficult to find online? No way!
- This person will give some flimsy excuse why their investors require that they collect the closing/underwriting fee upfront. Honestly, this is the only question you have to ever ask. If they want upfront, run!!
3 Likes