"This is our 5th transaction with POL"

This is our 5th transaction with POL, and I can honestly say all have gone exactly as planned with no issues, I highly recommend them.

"Stay away from this platform"

Responding back to you. I have e-mailed that address numerous times with no reply. I have also used the 'Help' feature on your website, in addition to calling multiple times where I have been told repeatedly that no-one is available to answer my questions about my investments. Last name is MacKenzie. I want an update on Diablo Court loan for example. It's been months without any updates. Stay away from this platform. I have a number of loan investments in default and they have stopped answering calls and have stopped returning e-mails requesting updates. There don't seem to be any new investment offerings on the site either. Not sure what is going on behind the scenes but feels like they are in hiding and unwilling to face up to investors.

"the worst!!!!"

There must be a bunch of bots writing reviews here, because POL is by far the worst platform I have ever invested with. After 5+ years and 15+ investments with them I will most likely lose money....and for the majority of that time, the real estate market was on fire, you almost had to actively try to lose money in that type of market. STAY AWAY

"Patch of Land Review on Coronado"

Patch of Land did a great job executing the construction loan. Tameer was great to work with and and I definitely look forward to working with him and the team again soon! The borrower was extremely satisfied that we were able to deliver the terms we promised and closed the deal in less than 3 weeks.

"Bob and Rita were great"

Bob and Rita were great. Excellent professionalism and very knowledgeable.

"Exceptional, first class, Service!"

The patch of land team were professional, patient, and understanding throughout the loan qualification process; and subsequent closing. Although at times I felt I may have lost my cool, they remained steadfast and attentive. I look forward to completing this project and working with this team again; primarily Steven Weinstock and Rita Khatchadourian. Thank you once again for your assistance and consideration.

"Borrowers beware!! Shady operation"

Joe the loan officer reached out to
Me and we discussed my situation. I have 4 properties that I kept informing him were around $50k each for a total value of $200k. All rented and cash flowing 20%+. (Not just on paper like these other “borrowers” Who continue to default on this shady lender, but in reality). I have a 780 credit score and a long track record in the flipping, rental and overall RE business. Joe mentioned that “POL wants my business” and based on my Credit, my track record, and the underlying fact that i own a business which is a property management company with 5+ employees, over $1 AUM, Including our own assets, I could get all the funding I need as long as I’m under 85% LTV. They took $2200 for initial fees and disappeared, only to show up one night in my inbox at 11:30 pm after I bombarded them with emails Trying to get simple answers:

“Hi, sorry we tried everything but can’t fund your loan”

Almost comical, if it wasn’t for the complete waste of time, credit inquiry and a $2200 loss.

Hey Joe, unlike you, I am not desperate to close a deal. I have a 780 credit score. I have about half a million $$ in assets funded outright by my own equity. I have a long track record of successfully entering/exiting real estate over the last 4 years with substantial gains and I have a Business finance degree. They are looking to earn revenue by collecting initial fees and then they disappear. Joke of a company. Joe is a joke of a loan officer and I’m gonna go out on a limb Here and assume He and the CEO are the same exact person. Congrats you played yourselves

"My investment with them made 0 payments…"

My investment with them made 0 payments and they have not even filed for foreclosure over a year later. They dont respond to calls or emails, and just sent an email wanting to sell the note for pennies on the dollar. .....2 weeks later and they did finally respond to me and the buyer surprisingly made their back payments. So that is positive. I would think twice before investing in any crowdfunding in this environment, and definitely avoid the states that are banning evictions and foreclosures.

"CLASS ACTION LAWSUIT IF YOU LOST SUBSTANTIAL MONEY"

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.

If any other investors have suffered big losses as I have, I am interested in filing a class-action lawsuit against Patch of Land.

"My first investment was a very bad…"

My first investment was a very bad experience. The borrower abandoned the project, it took nearly a year for the project to go through the foreclosure process. When it finally sold, there were massive legal and 'financing' charges. It felt like Patchofland still made money through all the fees and left the investor hung out to dry. I lost over 50%.