I am a business loan broker and have had clients needing funding who went through Hard Money Placement and were ripped off with "due dilligence" fees and never funded. I would never recommend anyone do business with Hard Money Placement... They are crooks. This brings me to Tap Commercial and Equity Warehouse. During the process of trying to obtain funding for a client, I was contacted by Tap Commercial through an internet forum and they said they were interested in funding the loan I was trying to place, so we began to converse and I gave them details about the deal. Well, my client got a little suspicious and must have googled the phone number that was on the Tap Commercial website and found another website with the EXACT same verbiage and the EXACT same phone number. The other website was for Equity Warehouse. This made me suspicious, so I did some research and found that the owner of the Equity Warehouse domain was HARD MONEY PLACEMENT! When I confronted Tap Commercial about this, they suggested someone had hijacked their web layout... Etc. Then they offered to waive the upfront fee for two of the three deals we had discussed funding for... So I continued to work with them. Well as you might expect, once the client for the original loan (that they couldn't waive the fee for) backed out of the deal, Tap Commercial became completely unresponsive about the other deals that they offered to waive the fee for. So, my advice to anyone, would be to stay away from Tap Commercial, Equity Warehouse or Hard Money Placement as I suspect they are all part of the same crooked scheme.
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