BEWARE of this UNETHNICAL company formerly known as 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 a waste of money – usual procedure is they do their due diligence and then the next step would be an appraisal BUT since i was declined why would they proceed to an appraisal!! A reputable firm would of reimbursed me the cost of the appraisal but not this company! – deceitful in more ways than one: 1. The appraisal charge is in PATCH OF LAND name?? WHY!! Usually the charge is noted with the actual appraisal company’s name – POL and taking the charge at an inflated price I’m sure since the actual appraisal company is not the actual charge on the credit card. 2. So there is NO loan to proceed with POL so I look for another lender. 3. CHAD JOHNSTONE tells me if I PAY a further $51 I can get a copy of the Appraisal report that came in at $650K and the Lenders name he could change to new lender. 4. I pay the extra to have the Appraisal report revised and release to me. 5. Upon getting the report after numerous request when I can get the revised copy Chad sends me the report to my astonishment it is NOTHING what he said it is!! Report is ONLY for 400K and Lenders name has NOT been changed 6. I question REPEATEDLY what is going on and CHAD’s only response is I gave you the report and I have nothing further to say to you – do what you have to do and basically don’t bother me again – REALLY!!! How UNPROFESSIONAL can one person be?? Despite being in a BAD financial situation only worsened my situation due to the deceit of CHAD JOHNSTONE – taking advantage of a WOMAN desperately seeking a loan - ONLY care is getting money for the company he works under FALSE pretence and to show good work provided to his client which in reality is NOT the case – how can one with a good conscience treat another individual with no compassion and humanity in the hardship situation I am in –His attitude is who cares and after repeated email for a response to “DID YOU NOT TELL ME THE ARV ON THE REPORT WAS $650k” NO response to this question and is only avoiding and dancing around having to admit he was wrong – at least if you admit you made a mistake then its NOT a lie anymore but a mistake – BUT he is NOT MAN enough to admit he made a mistake and it is costing me dearly!! But again who cares is his attitude - I’ve done my job?? What to rip me off further with something that doesn’t help my cause and while under FALSE pretences!!! I PAID extra for a USELESS report!!! BEWARE of this company as they promise you the World ( I understand things change in the process sometimes) but to continue of a unethical path is just WRONG!! I am extremely HURT by this company’s action against me to further contribute to my financial hardship!!!!

Patch of Land was my worst investment… Patch of Land was my worst investment ever. I invested in a handful of projects starting the end of 2016 through the first half of 2017. I put down 5K per project, finding their 11% return quite attractive. POL had excellent reviews up to 2016. But things went downhill pretty quickly and they never got their act together, even through the hot market when work-from-home became the trend during the pandemic. I am still waiting for the return of my principal (or at least partial return) in at least 2 projects. I hope that the Cloverhill, which acquired the company in July 2021 would do the honorable thing to investors but I have yet to hear from them.

Borrowers beware!! Shady operation Joe the loan officer reached out to Me and we discussed my situation. I have 4 properties that I kept informing him were around $50k each for a total value of $200k. All rented and cash flowing 20%+. (Not just on paper like these other “borrowers” Who continue to default on this shady lender, but in reality). I have a 780 credit score and a long track record in the flipping, rental and overall RE business. Joe mentioned that “POL wants my business” and based on my Credit, my track record, and the underlying fact that i own a business which is a property management company with 5+ employees, over $1 AUM, Including our own assets, I could get all the funding I need as long as I’m under 85% LTV. They took $2200 for initial fees and disappeared, only to show up one night in my inbox at 11:30 pm after I bombarded them with emails Trying to get simple answers: “Hi, sorry we tried everything but can’t fund your loan” Almost comical, if it wasn’t for the complete waste of time, credit inquiry and a $2200 loss. Hey Joe, unlike you, I am not desperate to close a deal. I have a 780 credit score. I have about half a million $$ in assets funded outright by my own equity. I have a long track record of successfully entering/exiting real estate over the last 4 years with substantial gains and I have a Business finance degree. They are looking to earn revenue by collecting initial fees and then they disappear. Joke of a company. Joe is a joke of a loan officer and I’m gonna go out on a limb Here and assume He and the CEO are the same exact person. Congrats you played yourselves

Well you guys came through and… Well you guys came through and delivered. Customer service was very good from loan processing team, to appraiser and up through closing agent. The only real down-side was the actual start to close time, was much longer than we were initially told by agent.... Looking forward to continuous business with Patch of Land! Thanks

Zero stars Zero stars. I invested in 2 properties, both went into default. For one property, I finally recovered my investment with interest, but it took 3 years rather than the original maturity term of 1 year. The other property has been in default for the past 2 years with no foreseeable resolution. My crowdfunding investments with a different company have not had these problems. Learn from my mistake and invest your money elsewhere.