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Patch Of Land, Inc (Company)

Strongly not recommended13 total votes across 1 product

1 users are unsure

12 users don't recommend

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Patch Of Land
Strongly not recommended
13 Reviews
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Patch Of Land, Inc Review

Patch Of Land, Inc was founded in 2013 and is based in Los Angeles, CA.

Learn more about Patch Of Land, Inc and its products by browsing the services it offers. You can also read our community reviews and hear what others have to say about their experience with Patch Of Land, Inc.

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Message from Patch Of Land, Inc

Patch of Land aims to solve the problem of slow, inefficient, fragmented and obscure private real estate lending by using the latest technology, data and process efficiency to more accurately assign risk profiles and project viability, while greatly reducing time and cost of loan underwriting for borrowers with real estate projects that are overlooked or rejected by banks and traditional lenders. Patch of Land is crowdfunding real estate through its P2RE (peer-to-peer) online marketplace offering various typologies of secured real estate debt on assets backed by first position liens and personal guarantees. We match investors and lenders seeking alternative fixed income opportunities to borrowers seeking alternative sources of financing for their real estate investment needs. Patch of Land originates, underwrites and services loans, offering these back to accredited investors through Crowdfunding exemptions of the JOBS Act and SEC regulations: Title II, Reg D 506(c). Patch of Land currently serves accredited, institutional and international investors.

Contact

Headquarters

1964 Westwood Blvd, Suite 350

Los Angeles, CA 90025

(888) 959-1465

Email Support

SuperMoney Net Recommendation Score

SuperMoney users don't recommend this product, giving it a user recommendation score of -92, or 1.2 on a 5-point rating scale.

-92

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Patch Of Land, Inc Community Reviews

Would you recommend Patch Of Land, Inc to your friends?

Cor T.

Aug 12, 2022

May or may not recommend

Review for Patch Of Land

BEWARE of this company first known as PATCH OF LAND now PATCH LENDING??? CHAD JOHNSTONE who looked after my application is a deceitful individual who I want to be flagged so NOBODY else goes thru what he has put me thru and put all the blame on me. I submit an application but eventually it come back rejected but they still proceed with an appraisal which was ...Show More

Anonymous

May 22, 2022

May or may not recommend

Review for Patch Of Land

We are currently doing a rehab at the moment and Patch of Land hasn't responded to us about our draws in 2 weeks. All of our contractors are waiting to get paid and Patch of Land doesn't care. All their lines go to voicemails and nobody calls back. We aren't new investors and we know what we are doing when it comes to construction and making the numbers work. This ...Show More

Randy L.

Oct 15, 2020

May or may not recommend

Review for Patch Of Land

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 ...Show More

Mark Z.

Jul 22, 2020

May or may not recommend

Review for Patch Of Land

Three of my loans have been in default for years - no end in sight. Moreover, they have stopped monthly updates for 4 months now. Here is a complete typical recent update: "Loan status as of June 1st: Foreclosure". AVOID.

Lee C.

Jul 11, 2020

May or may not recommend

Review for Patch Of Land

Be forewarned. This company is a sham and they steal investors money regularly. I invested several times with POL, and lost principal on every loan. I Received the below email message from POL today.. Mind you, this was a 10,000 loss. Total investor loss on this deal = $530k “Regarding your investment in Tower Lakes Purchase and Rehab, Patch of Land has taken extraordinary measures to ...Show More

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