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212 Loans LLC has 18 locations, listed below.

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    Customer Reviewsfor212 Loans LLC

    Real Estate Loans
    HeadquartersMulti Location Business
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    2 Customer Reviews

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    • Review from Sara P.

      1 star

      12/07/2022

      This was the most frustrating and painful process I have had to endure with a loan company in my entire life. From the beginning, it is clear that they do not care about the client. Once they have you, they won. Nothing in the process was fully explained. I did not have a specific person to talk to about the loan and just had to get who I could speak to when I called as I was never sure who to really ask for. If I was working with someone on something, they might suddenly be out on vacation, out to lunch, or some other reason and I was told I would get a call back.....which I hardly ever did and I would have to call them. Random requirements would suddenly be told me through the process and quite frequently when I would make progress with my remodel, I would submit somthing only to be told it was wrong, I needed other documents or paperwork, or that this time it was not going to be approved for a draw because of such and such reason. The inconsistencies in the draw and loan process are extremely frustrating that they just make it up as they go. One item took me over a month to get them what they wanted because they want to play God and dictate to you every small detail they feel you should do with your property. It is ridiculous. A rehab that should have been quick has taken me about 4.5 months, partially due to their incompetence. Out of all of the issues, the icing on the cake was them not able to get a loan payoff correct and it taking three attempts. All of the issues delayed things so much and cost me money in the long run overall. I honestly feel that it was done on purpose so that they could collect interest on the loan for a longer period and get more money. I dont have proof of it obviously, but I cannot think of any other reason for them to treat a client in such a way and make up ***** they go, other than to make it harder and take longer so they get more money. I would never recommend 212 loans to any person or investor. Save your money and sanity!
    • Review from Rick H

      1 star

      04/12/2022

      Ive been dealing with this lender for 1 year now. I dont even know where to start. Unprofessional, no responsive and at times outright rude. 3 months to do a simple modification to expand rehab budget and because of the delay and additional points, interest and extension fees, well, it cost me a lot. Another loan I reduced the scope of the project which left 40k in escrow that could not be used. When I asked if I could apply that to principle to avoid paying more interest on it they wouldnt even reply to me. You never know who to speak to about any part of your loan. Now they are trying to charge me for a loan extension on a loan that will be settled a week prior to the extension date.Bad business. Stick to your local hard money folks.

      212 Loans LLC Response

      07/19/2022

      Good afternoon ****,We're very sorry to hear that you had this experience as it certainly is not the level of service that we strive to provide for our clients. Our goal is to adhere to our standard policies and practices as outlined in our loan terms, and to address all questions promptly. We would love to discuss this with you directly so that we can better address your concerns.

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