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Patch of Land

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Sherman Oaks, United States

patchofland.com
Property investment· financial consultant· investment service· non bank finance· Money & Insurance· Investments & Wealth· Mortgage Lender

Patch of Land Reviews | Rating 3.1 out of 5 stars (5 reviews)

Patch of Land is located in Sherman Oaks, United States on 15000 Ventura Blvd #300. Patch of Land is rated 3.1 out of 5 in the category property investment in United States. Patch of Land is a leading private money lender offering real estate investors and entrepreneurs fast and reliable access to short and long-term loans for single-family, multifamily, commercial, ground-up, and long-term rental properties. \n\nThe company also operates an online real estate crowdfunding portal providing accredited investors the opportunity to diversify their portfolio with fractional ownership of high-yield, short-term investments across the country.,Patch of Land is a leading private money lender offering real estate investors and entrepreneurs fast and reliable access to short and long-term loans for single-family, multifamily, commercial, ground-up, and long-term rental properties. The company also operates an online real estate crowdfunding portal providing accredited investors the opportunity to diversify their portfolio with fractional ownership of high-yield, short-term investments across the country.

Address

15000 Ventura Blvd #300

Phone

+18889591465|(888)959-1465

Open hours

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Randy Lin

I generally do NOT write reviews, but I really want to do good by warning other potential investors to NOT invest with Patch of Land. My experience with Patch of Land is a particularly bad one. Of the 10 loans I have invested with Patch of Land, 6 have been in default for more than 4 years. When I called them, they assured me that there would be no loss of principal as their \contracts are iron-tight.\ All was going well as I was promised no or minimal principal loss until recently I was issued a \Non Performing Loan Reconciliation\ where I lost over 60% of my principal with no interests earned for 5 years. I'm typically not an emotional person, but I was extremely depressed and infuriated when I saw this. When they sold off my loan to a 3rd party, they sold it for 70 cent on a dollar. However, they made sure that THEIR portion of the fund invested got paid off in full (meaning they suffered no principal lost). To add salt to injury, they made a killing orchestrating the sale of the non-performing loan they did a such a poor job underwriting in the first place. I have posted a screenshot of the \wonderful\ job they have done with investors' money. If any other investors have suffered big losses as I have, I am interested in filing a class-action lawsuit against Patch of Land. Feel free to contact me if you are interested. Thanks!

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F Lila

What an absolute pleasure to work with Patch of Land, the best lender i have ever worked with!! I am an investor that has done several deals and worked with prior lenders before but the experience with Patch of Land has been by far superior. They have funded very complicated and difficult deals VERY fast, with the recent one being in around 6 days. Lower fees compared to others. I am always using this lender from now on wards. They are truly the best in the market and a true lending partner!!! Very grateful to have found them.

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Jill liu

I closed 3 properties in 4 months with patch of land. The last 2 times experience were getting worse and worse. The second one took almost 5 months to close as its a foreclosure. But the last minute patch of land increased the interest by 31% because of the ground rent. I will appreciate it if they told me at the beginning so I would have plenty of time to redeem the property as fee simply. The third one after I summit the floor plan they said they need a second appraisal. It end up I was totally charged 1383 for appraisal fee for a small loan. I don’t know how many people can afford 1383 for a appraisal. It also took more than 2 months to close a small house. The last two times experiences are hurting for a repeating customer.

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Stefani Lucas

Have nothing but great things to say about Patch of Land. As a flipper funding can sometimes be tough and they made the process super easy! Emails were always answered promptly and it was a perfect option for our business! Would definitely use them again!

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Elizabeth Adame

Thank You Patch of Land team - you are great to work with! Thank you Marc and Charis for helping process a smooth and fast investment transaction. We will definately work with you again!!

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