Patch of LandPatch of Land is a leading private money lender offering real estate investors and entrepreneurs fast and reliable access to short and long-term loans for single-family, multifamily, commercial, ground-up, and long-term rental properties. The company also operates an online real estate crowdfunding portal providing accredited investors the opportunity to diversify their portfolio with fractional ownership of high-yield, short-term investments across the country.
Patch of Land (patchofland.com) has 35 customer reviews on Five Star Index, with an average rating of 3.1 out of 5.
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Investments & Wealth · Seal Beach, California
Excellent
Investments & Wealth · Irvine, California
Excellent
Investments & Wealth · Calabasas, California
Excellent
Investments & Wealth · Orange, California
Excellent
35 approved reviews, newest moderated first
American A.
I called the Houston office to get more information on a loan for a single family investment, the woman who took my call (loan officer) was extremely rude and condescending. She was pushing a loan that I was not requesting and claimed that either way they did not need anyones business in todays hot market. NOT RECOMMENDED
Seth D.
I have been an investor in about 8 deals at this point. While the returns have been sufficient, the corporate communication has been abysmal. The last deal I invested in went into default. It seems to have ultimately been resolved, though I am still waiting to get paid, but the process was painful. These guys totally missed the boat on investor communication. Failed email and voice mail responses and completely left me in the dark on a problemed loan. They have lost my confidence and I will invest elsewhere.
Paul
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.
Response from Patch of LandMar 3, 2021
Paul, thanks for the 5-star review. We strive to provide exceptional customer service on every loan we close and we're pleased that closing your loan had no unexpected surprises. Love seeing that you would "highly recommend" us. That's what it's all about here at Patch of Land.
MacKenzie
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.
Response from Patch of LandFeb 23, 2021
Mr. MacKenzie we are pleased that our CEO has had the opportunity to speak with you directly. As you now know, it's been a very challenging time with regional lockdowns and the cessation of business at many courts due to the pandemic. We were very happy to get you full recovery on your latest investment, including regular interest, default interest and late fees, but it was a long and painful process. We will continue working to improve our responsiveness and maintain transparency throughout the process as we move forward, even in the situations where we do not have new information or significant updates to provide. Resolving loan defaults is a difficult, time-consuming, and challenging process that often requires a great deal of patience. However, as in your case, patience often pays-off. Thank you again for being a great client with Patch and we will keep working hard to deliver a positive experience overall.
Miloslav V.
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
Brian A.
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.
Response from Patch of LandFeb 19, 2021
Brian, thanks for the nice review. We are pleased that you are happy working with Patch of Land. We strive to provide exceptional customer service on every loan we close and we are grateful for the opportunity to work together. It's also great to hear your feedback on the team and Tameer in particular, we love him too.
Brad
Bob and Rita were great. Excellent professionalism and very knowledgeable.
Response from Patch of LandFeb 19, 2021
Brad, we are pleased that you are happy working with Patch of Land. We strive to provide exceptional customer service on every loan we close and we are grateful for the opportunity to work together. It's also great to hear how much you appreciate Bob and Rita. Thanks for recognizing them.
Mustafa B.
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.
Response from Patch of LandFeb 14, 2021
Mustafa, we are pleased that you are happy working with Patch of Land. We strive to provide exceptional customer service on every loan we close and we are grateful for the opportunity to work together. It's also great to hear how much you appreciate Steven and Rita, we have a great team. Thanks for recognizing their hard work.