Three Sticks Lending Reviews: 3 Things To Know

As the financial landscape continues to evolve, alternative lending options have become increasingly popular. One such option is Three Sticks Lending, a private money lender that provides short-term, high-interest loans for real estate investors. If you're considering working with Three Sticks Lending, it's essential to understand their lending model, benefits, and potential drawbacks. In this article, we'll delve into three crucial aspects of Three Sticks Lending reviews to help you make an informed decision.

What is Three Sticks Lending?

Three Sticks Lending is a private money lender that specializes in providing short-term, high-interest loans for real estate investors. They offer a range of loan products, including fix-and-flip loans, rental loans, and construction loans. With a focus on speed and flexibility, Three Sticks Lending aims to provide borrowers with the capital they need to succeed in the competitive world of real estate investing.

How Does Three Sticks Lending Work?

Three Sticks Lending operates on a simple, straightforward model. Here's a step-by-step overview of their lending process:

1. Pre-approval: Borrowers submit an application, which includes providing financial information and details about the investment property.
2. Property evaluation: Three Sticks Lending assesses the property's value and potential for renovation or rental income.
3. Loan offer: If approved, the borrower receives a loan offer outlining the terms, including interest rate, loan amount, and repayment schedule.
4. Funding: Once the borrower accepts the loan offer, Three Sticks Lending disburses the funds.

Benefits of Working with Three Sticks Lending

Three Sticks Lending offers several benefits to real estate investors, including:

• Speed: Three Sticks Lending prides itself on quick turnaround times, with loan approvals often taking just a few days.
• Flexibility: They offer a range of loan products and flexible repayment terms to accommodate different investment strategies.
• Competitive rates: Three Sticks Lending's interest rates are competitive with other private money lenders, making them a viable option for investors seeking short-term financing.

What Sets Three Sticks Lending Apart?

Three Sticks Lending differentiates itself from other private money lenders in several ways:

1. Personalized service: They offer personalized support to borrowers throughout the lending process.
2. Experienced team: Their team has extensive experience in real estate investing and lending, providing valuable insights and guidance.
3. Customized loan solutions: Three Sticks Lending works with borrowers to create customized loan solutions tailored to their specific investment goals.

Three Sticks Lending Reviews: What Borrowers Are Saying

As with any lender, it's essential to read reviews from existing borrowers to gain a better understanding of their experiences. Here are a few key takeaways from Three Sticks Lending reviews:

• Positive overall experience: Many borrowers have reported a positive experience working with Three Sticks Lending, citing their speed, flexibility, and competitive rates.
• Responsive customer service: Borrowers have praised Three Sticks Lending's customer service team for being responsive and helpful throughout the lending process.
• Transparent terms: Borrowers have noted that Three Sticks Lending's loan terms are transparent and easy to understand, with no hidden fees or surprises.

Common Complaints and Concerns

While Three Sticks Lending has received generally positive reviews, some borrowers have raised concerns about:

1. High interest rates: Some borrowers have noted that Three Sticks Lending's interest rates are higher than those offered by traditional lenders.
2. Stricter underwriting: Three Sticks Lending's underwriting process can be more stringent than other lenders, which may lead to higher denial rates.
3. Limited loan options: Some borrowers have reported that Three Sticks Lending's loan options are limited, which may not accommodate all investment strategies.

In conclusion, Three Sticks Lending is a viable option for real estate investors seeking short-term, high-interest loans. While they offer several benefits, including speed, flexibility, and competitive rates, borrowers should also be aware of the potential drawbacks, such as high interest rates and stricter underwriting.

We invite you to share your experiences with Three Sticks Lending in the comments below. Have you worked with them before? What were your thoughts on their lending process and customer service?