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10 E 23rd St 5th floor, 5th FL, New York, NY, 10010, United States
Get directionsI submitted two of the same applications for a line of credit and emailed support when I did not get a response from either of the applications. I also received no response from support! You know what they say, if you can't keep the little promises.....
Be careful dealing with them. The fees are high and the terms only 6 months to 9 months. Everything has to go smoothly to buy/rehab/sell and close in such a short period of time. They delay the rehab draws that slows down the process. Then hit you with double the interest. And additional fees. Should be called, "Fee that Flip".
Extremely confusing business model. Actually walked away at the closing table for the loan due to more hidden costs. They are very responsive to calls/emails by members of their team higher up the chain, but lower level folks, not so much. I would caution that only seasoned developers use them, as their terms are expensive and could ultimately cost you your profit or the home itself! In the process of trying to get my $1500 deposit back. Will update post when/if they refund it, as I did not end up doing business with them.
Fund That Flip has a 4.8 star rating with 167 reviews.
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