Revitalending LLC 41st St, Washington

Revitalending LLC Reviews

• M

  Margaret Dubois
  5

  Great lender to work with! We first went to another lender who sends out great email ads but just couldn't perform. We got all the way to closing then they pulled out without any valid explanation. RevitaLending was able to step in and get our deal done. And the pricing was better. We were so thankful for that. We will definitively use them again on our next deal.

• T

  Thomas Sinclair
  5

  I was searching for a hard money lender for a property I was buying in Maryland. I called a few other lenders and was surprised that they either never called back or were just short with their answers. Revital Lending took the time to address all my questions and explained the process in depth, which I appreciated. As a first time investor, this was important to me. After discussing the deal with them they helped me realize it was not a good deal. I am looking for another property and they will be my first call when I find something else.

• J

  Jocelyn Maduro
  5

  We didn't get a loan from RevitaLending, but only because hard money wasn't the best option for us. They pointed that out to me when I called. the gentleman who works there gave me very helpful information regarding my situation. People told me to be careful with hard money lenders but my experience was positive. It didn't feel like they were out to take my sister's property. I called other hard money lenders and they seemed quite intent on just getting a loan! RevitaLending actually helped point us in the right direction. I will be back when I start buying properties. At a time when it felt like everybody was trying to take my sister's property, they were a breath of fresh air.

• C

  Cyrus Damavandi
  1

  Be very careful, you get to deal with a very soft speaking guy that seems polite but is looking at any opportunity to take advantage. they might fund your loan in the beginning, but when you want to pay it off, they added over 20K junk fees of fees to the loan.

  Response from the owner

  What is not being mentioned in the above comment is as follows: This was initially presented to us as a 12-month buy and hold loan. Your client mentioned that he was going to rent the property and pay us off within 12 months. During the course of the loan, he changed his mind and decided he wanted to fix up the property and sell it. Unfortunately, we were unable to adjust the loan to accommodate the renovation costs. We did, however, recommend two other private lenders that could have assisted (which pursuant to your email, you were thankful for). When the 12-month term was up, your client asked for an extension. We agreed and the paperwork was prepared by our legal team. Your client then asked if he could pay certain fees upon payoff. We agreed and had the paperwork adjusted. Your client asked for yet another adjustment which we agreed to and had the documentation adjusted once more. Despite us accommodating your client's requests, the extension deal was never fully consummated and the loan entered into default. The original due date to pay back this loan was in February. The loan was not paid off until June. Technically, we could have moved to foreclose during that time (like certain other hard money lenders would have) but we did not. What you describe as "junk fees" were actually accrued interest and default interest payments. While we can certainly understand the unpleasantly of having a higher than necessary payoff, your client could have avoided this. Note: This situation is rather unfortunate as we had a good working relationship with this broker. Since 2016 up until the above transaction, he referred multiple deals to us. We have been in business since 2007 and have been involved in hundreds of successful deals in the DC Metro area. If you have any questions about our loan products, please feel free to contact us directly at (202) 570-7050. Thank you.

• y

  yusuf keith
  5

  Very professional and knowledgeable to work with.