Avatar's Blog
» Hard Money Mistakes - #5
Posted on 11/26/2004
Assuming that those who advertise as lenders are really lenders, not brokers - or worse, not even brokers!
Avatar Financial Group is an institutionally funded lender. We work with honest brokers who charge their clients fairly for their advise, knowledge, and services. But, many people 'out there' advertise that they are lenders when they are not. The scam the public by taking large sums of money up front and not funding the loan. In commercial lending, anyone can hang a shingle and be a broker. Residential lending requires a broker's license. If you are trying to fund the purchase of or refinance a commercial property, be sure you are dealing with a lender, not a broker pretending to be a lender. Call Avatar at 888-886-0097 and ask for Gillian. She will explain three simple ways to tell whether you are talking to a lender or a broker.
Posted in Miscellaneous
Avatar Financial Group is an institutionally funded lender. We work with honest brokers who charge their clients fairly for their advise, knowledge, and services. But, many people 'out there' advertise that they are lenders when they are not. The scam the public by taking large sums of money up front and not funding the loan. In commercial lending, anyone can hang a shingle and be a broker. Residential lending requires a broker's license. If you are trying to fund the purchase of or refinance a commercial property, be sure you are dealing with a lender, not a broker pretending to be a lender. Call Avatar at 888-886-0097 and ask for Gillian. She will explain three simple ways to tell whether you are talking to a lender or a broker.
Blog Navigation
