Cogo Capital — The Private Money CompanyReviews of cogocapital.com

We've closed lots of deals together but they usually come with headaches and last minute changes/surprises. For a period, Cogo Capital offered the best terms which drew interest but once in underwriting/lender committee those terms were deviated from, which usually resulted in clients being required to bring thousands of dollars more to the table than expected. This occasionally resulted in deals falling through or clients having to find capital partners where they weren't needed originally. There have also been changes in the education plans offered which means education plans that were previously purchased and offered great deals, have a much lower value because new programs come out. Additionally, the benefits we originally paid for don't have the same value because they have been rolled up into another plan. This gives the impression that in order to maintain the benefits that we've already paid for, one must continue to upgrade an education plan. More consistency would be greatly appreciated. Also, I've found a lender who fronts construction cost. If you have a plan that offers this benefit, that would be great. I've found it hard for clients to show the reserve amount for the payments, 10% contingency for construction, bring thousands to the table and still float the draw and wait to get reimbursed. Not everyone has a contractor that can/will float their draws. As for marketing, they are great but I've have problems with their business development consultants (salesmen) calling my leads. People who were actively working with me were contacted immediately after getting a proof of funds letter or just doing a general inquiry from my landing page. Also a couple of my clients were approached and sold on brokering packages which caused them to go from clients to competitions and nothing was done to protect my interest in future deals. I just got cut completely out.

Cogo Capital has been a pivotal part of the growth of our business, Concept 1 Properties, LLC. We have far exceeded our expected growth plan in just this past year alone and are looking forward to achieving the same success as we strategically move through this and the upcoming years. My wife, Chandra, and I couldn't be more pleased with the advice and help that has been provided to us from the Cogo Capital team members. We made a vow in the start to treat our partnership as a family and have done just that. We look forward to our business future as this year we plan to enter the brokering training program as well as taking the licensed realtor exam. On top of that, we will continue to provide quality homes to the wonderful families in our community. My only suggestion on improvements would be to allow some percentage of the rehab budget to be released at the closing for your more experienced rehabbers. This would allow great flexibility for those who have multiple deals working simultaneously. It aids in keeping the process moving quickly and smoothly which results in growth for everyone. Thanks COGO! Ronald & Chandra Gibson, Jr.

They are impossible to use. After running in circles and jumping through hoops for over a month they just keep coming up more more surprises. My cash to close went from just over $5,000 to over $12,000 during this process. The first jump was because they took the appraisers cost to repair values over mine and the last time it jumped was because they didn’t trust her numbers so they pulled an arbitrary number out of the air but then said they couldn’t finance the difference and I had to have $7000 more in cash. Don’t trust them, they milk you for fees and then pull the rug out from under you!

If you like your deals falling through because of funding, deals taking forever to get funded, being lied to, talked down to, and trying to be sold a second rate training program that you don't need then Cogo Capital is for you. For everyone else, that respects themselves as a professional investor, look anywhere else but here.

Disreputable company. Poor communicators.Projected themselves as a hard money lender but required more paperwork and were slower than any bank.

HORRIBLE. I had two great deals fall through dealing with this company. Nothing is done in a timely manner.

Sent cost breakdown on 65% loan to value. Terribly slow...sent cost projections 3 times. Night before closing they changed everything and wanted twice down what had been agreed to....forced me to get appraisal for $675 and they then did not even use it to get more junk fees. Too bizarre not to be true. Defined predatory lending.

Absolutely the most unprofessional experience that I have ever had. I had three different loan officers, and none knew what was going on until the last one. They all just kept quitting. By the end of it, the one LO who was decent couldn't make up for the others. It was too late. Absolute fiasco. I should not have closed the deal knowing what I knew of their service, and the fact that with a rehab loan the relationship would be ongoing. But I did because I had an obligation to the seller. Making this choice cost me thousands. Unbelievable junk fees! I refi'd out right away, but not before I got to spend a ton of cash on something that I got no benefit from. I want to say that I am a seasoned renovator and a real estate broker with decades of experience. This seemed like a good idea for a sec, establishing a relationship with a lender for fast rehabs that would cost more but have none of the red tape. Too bad it had all of the red tape, with a nice heavy dosage of incompetence. When they saw that I refinanced, they called me and asked me what they could do to earn my business back. I ignored the call. I was not uncommunicative at all during the process, so they knew my misgivings. Even if they had refunded all of the money I wasted closing this loan, I would never go back nor recommend. AVOID!