I cannot recommend MTW Investment Financing or Steadivest. The rate sounds great, but if you get stuck in a property, you're looking at 30% per year, and in may case they would not take it back, leaving me on the hook. Then a year later, they go to arbitration - NEVER AGREE TO ARBITRATION AND NEVER SIGN A PERSONAL GUARANTEE, and go for a MASSIVE judgement. I've worked with other hard money lenders who are far more professional. Don't walk from MTW and Steadivest...RUN!
Posted: 2/19/2009 • Link to this review