Rex Credit insists on an 8% down payment fee paid up front outside of closing. So, for a commercial mortgage, they want $80,000 wired to them for every $1MM before the loan even closes. We asked several times for money to be escrowed with an attorney and they refuse. So, basically, you have to wire them $80,000 before they can prepare docs and send you $1,000,000. BEWARE!
I singed up for the Rex 2 Loan Program. The Program requires an 8% upfront fee, based on the Loan amount. They said the money would go into an Escrow account. They told me who the Escrow Company was, however did not exist! The company went out of business 1 year ago. They have not responded to giving me false information. They are scammers. The address of their office, they claim on their website, they are not there.
Rex Credit Reviews
Rex Credit insists on an 8% down payment fee paid up front outside of closing. So, for a commercial mortgage, they want $80,000 wired to them for every $1MM before the loan even closes. We asked several times for money to be escrowed with an attorney and they refuse. So, basically, you have to wire them $80,000 before they can prepare docs and send you $1,000,000. BEWARE!
I singed up for the Rex 2 Loan Program. The Program requires an 8% upfront fee, based on the Loan amount. They said the money would go into an Escrow account. They told me who the Escrow Company was, however did not exist! The company went out of business 1 year ago. They have not responded to giving me false information. They are scammers. The address of their office, they claim on their website, they are not there.