I'm a private/individual lender lending my own cash and I'm located in Las Vegas, NV USA, I lend money to borrowers nationwide and a few other countries overseas.
I offer all kind of legitimate loans such as real estate loan, business loans, personal loans, debt consolidation loans etc at an affordable interest rate of 4% with no prepayment penalty.
You can be approved for a loan within 2 Working days of applying and the loan is funded within 1 business day after approval, you are definitely guaranteed of ultimate solutions to all your financial plight and struggles
My lending program is always open for serious investors who are interested and ready for loan funding to finalize there single or various deals within and outside United States.
If interested, call at (775) 624-3150 or email: email@example.com for more details...
Hello Mr. Lipp:
I received an email from you under the email address of TNCTR DARLEHEN [mailto:firstname.lastname@example.org]. I also see that you reached out to me via my LinkedIn page.
Yes, I am looking for financing. I am looking for $200,000. I am looking to do two things with this money. I am looking to purchase 2 homes in 2 different areas of NJ. Both will be rental properties. One will be a single family home rental and the other will be a multi family home rental. The multi family home rental will be used for housing disabled vets.
I am new in Real Estate investment, so I don't have a track record that you can follow. I am saying this upfront so as not to waste your time or mine. If you want to go forward, I would be happy to hear your terms.
Hello Naima Lynah,
Thanks for the reply. I am willing to fund you with the requested loan amount at 4% interest rate per annul but how can I trust you and how would I know that you are capable to repay back the loan with its due for repayment ?
Tel#: (775) 624-3150
Hi Mr. Lipp:
You have valid questions. First and foremost like the interest rate of 4% annual. Secondly, since this would be an asset-based loan, should I default the properties would become yours. You can qualify the loan amount based on the value of the real estate being collateralized. I would like to base it off of the ARV amount and would expect the loan to be between 65% and 75% of this amount. This way, I would be able to make the necessary repairs and rent at market value. I already have a short list of available, qualified tenants that are awaiting my obtaining suitable housing. This low LTV would provide you the added security in case I did default and not pay causing you to have to foreclose on the property. You of course would be funding me in the first lien position.
David Lipp is operating a scam. I contacted David through this site. David has a business license and seemed to check out. After a few weeks of talk, David said I qualified for a loan. He stated that I needed $1953 in Origination Fees which had to be paid before the loan would fund. He had me wire the money to a woman in Florida. He stated that once the fees were paid, the loan would be funded within 24 hours. It came time for the loan to fund, David sent me a message stating that he went to the bank to do the transfer and the bank said I had to pay PPI Insurance on the loan before it would transfer. He stated that the amount I had to pay for insurance was $17,800. I refused to pay that ludicrous amount so he said he would pay half of it so I "Only had to pay $8900". I still said this is way too much. After a couple days David came back and said he had raised $15,000 towards my insurance. I said "Great! since you said I only had to pay $8900 of it, then we are good" David said no you have to pay the $17,800 but he would subtract the $15,000 so I had to come up with $2800. At this point, I told David that the fees are too high and I wanted to cancel the loan and refund my fees per our contract. David has since given me the run around and ignored my messages. When I confront him, he gets very nasty with me. He first told me I would get my refund in 24 hours. By the last time he promised the refund, he told me it would be 7 days. The 7th day was over last Weds and I still have not seen a refund. I track all of my correspondence and he has read all of my messages but fails to respond. I have researched David Lipp and found many names and businesses associated with him.
The following is a list of businesses associated with David Lipp: David & David, LLC, David Lipp, LLC, Grubb & Ellis, 4741 Charleston Aquisitions, LLC, Ventura Desert, LLC, Roc 1, LLC, Vegas Valley Partners, LLC, VVP Gibson, LLC, VVP Olsen, LLC, Swecker & Lipp Tenaya Azure, LLC (property), Gibson Land, LLC, Annallen, LLC, Beesley, LLC, Benjamin Millis, LLC, Lambeau, LLC, Millis Nellis LLC, Tenaya Partners LLC, VVP Ann LLC, Integrated Financial Associates, Millis Properties LLC, Olsen Land Development LLC, Prudent Ventures LLC, Milton West LLC, Swecker & Company. These companies have been found to be directly related to David Lipp. There are also another 30 or so companies potentially connected.
The following is a list of known associates of David Lipp. Most are listed on businesses with Mr Lipp: Harry Hoover Hall, Dale Condra, Warren Condra, Collin Hart, Michael Swecker, Ben Millis, Mark Coleman, Thomas E Lea, Chris Beets, W. Larry Swecker, David T Ting.
I have approximately 200 pages of evidence regarding the fraud committed by David Lipp. I have reported David Lipp to the BBB and submitted my evidence. My lawyer is also drawing up paperwork against Mr Lipp and any associates. Be wary of any of his associates as some appear to have direct knowledge of David Lipps scam and some of these names are potentially Mr Lipps other names.
Yes, I was naive and was scammed by 2 individuals from this board. I did check business licenses and such. Hopefully, this will help others not to be scammed by these people.