SCAM!!! Watch out, stay away from this lender. This lender is a scam, they promise you big numbers based on the ARV, But they only use 2 unprofessional garbage appraisal companies and it never gets close to the right value. If you really don't have what to do with your money you could use them..... read more

The customer service is horrendous at most levels. I did find one employee that was worth working with Christopher Mason. Everybody else is disingenuous and not helpful. They ask for same documents over and over. I was required to change the closing date. I rescheduled and then the day before I was scheduled to close I got an email from Cogo telling me that I needed to change my title company because there was a lawsuit between the title company and someone that they were affiliated with, Fidelity. Needless to say, I dropped Cogo instead of the title company. I did find a lender that was excellent, they set a bar that Cogo could never reach. I would highly encourage you to find another lender. Cogo says that their practices are asset base lending, but it's not true. They made it so difficult and accomplished nothing. I wasted so much time with them. read more

The worst lender... they make all kinds of promises so that you're stuck using them. Then they send you multiple duplicative document requests, baselessly question the genuineness of insurance policies (??), and blow through closing dates. Their people are only in the office long enough to make unrealistic promises before they go off on vacation again to leave someone who doesn't know your file to ask for all the same documents again... delaying your closing by a week or more!! read more

I am trying to sell my house, and the buyer is using cogo. It's been a nightmare. They have pushed closing back 7 times over 7 months, including 6 minutes before closing today. Each time their reasons showed they were unprepared, unorganized, and careless. My ex has taken off work 7 times, and we drove 40 minutes to the closing. I am a single mom of 5 kids paying a mortgage on my old house and my new one. They are unprofessional, inept, and don't care about people. I wouldn't recommend them to my worst enemy. Run. read more

These guys are conmen. Stay far, far away from them. I first found them on Facebook after looking in depth for a quality private lender. Did a lot of research, reviewed all their videos through a paid course to work as a broker for the company, but my main interest was building a good working relationship with a lender to finance some properties for my business. The experience was so-so at best throughout brokering my first deal with them. Due to their constant reglect and never answering the phone or rarely responding to voicemails, we had to push our closing back several times. In the final hour they jacked up their rates and tried to hustle us for more money 3 days before closing. They are dishonest and are snake oil salesman. Lee Arnold has the audacity to call himself a man of God. Wolf in sheep's clothing. These jokers claim that if you bring them a deal that is good then the terms for the buyer are 10% down on the purchase price of the property and 10% of the repair costs. We have under contract a $65,000 property with a $55,000 repair bill. That's a total of $120,000. Do the math, that's $12,000. I've attached the rate sheet just to show you how far off they are from what they claim, and what they actually offer. I fully understand closing costs are in addition, this isn't my first rodeo, I've been investing in property for over 15 years. Had I known how they operate I would have just dealt with the bank I've been dealing with for our current properties, which I will be. Run from these guys and don't look back. If your friends are buying real estate ask them who they are using for financing and if they say Cogo Capital tell them to run! There are better options out there. Don't support crooks like these guys. They don't deserve your time or attention. read more

They are a rip off. The positive 5 Star reviews are most likely fake. I mean how a reviewer can comment about another reviewer. I had a financial intermediary and they offered COGO capital. First of that intermediary is ridiculous. Then this company is trying to squeeze all the money possible. I applied for a purchase. First, I was told they can close within the time that I had. They charged me $250 just to apply and get the final numbers. The final numbers are 13% for 12 months interest only. On top of that they add ridiculous fees. Closing cost for a loan of $71K is around 5.5K. Only a financially illiterate person can sign this. STAY AWAY. read more

Worst so called lender I have ever dwelt with in my 20+ years as a financial intermediary. They charge $197 for a loan app, price their loans as hard money then take 2 months+ to fund a single cash out refi for $30,000 with the owner having 5 other properties they own free and clear. They lose documents multiple times that I then have to resubmit, if you have a conversation with them record it because they don't take notes and the next day they will ask the same questions or ask for the same documents again. This is not a lender but a fraud on investors and brokers alike... I am considering a law suite, its ridiculous what they are doing. read more

My experience with Cogo Capital has been nothing but positive. They are willing to help in situations where banks would turn you down. They are willing to answer your questions regardless of how simple. If you are looking for non-traditional funding for your next project, Cogo is it! read more

I relied on the "receptionist" who asked for my $197 non-refundable app fee and promised that there were no processing fees or other fees aside from the appraisal fee. She said that I would get an 8% rate based on experience and that the approval was based on the property and my excellent credit versus submitting millions of documents. All LIES! The loan officer said she was wrong but would not refund my app fee. Once I was approved, he refused to reveal any and all fees I would be responsible for. I had planned to move forward if the rates and fees were competitive, but he won't tell me what they are and now won't return calls or emails....how do they stay in business? Well they sure won't get mine. But I lost $197. I should have known better than to rely on these people. I know now and am warning you to stay away. read more

Whoever reviewed COGO Capital poorly obviously has no experience with private money lenders before. They are thoroughly knowledgeable, brilliant in their field, and all with beyond competitive fees. We have had an amazing experience and would highly recommend them to anyone. read more

Don't waste your time with these Morons. Not a real lender. They don't want to make loans, they only want to charge fees for BS crap. Go elsewhere. You will regret dealing with them. After 3 months of giving them Doc after doc after doc, on a 30% LTV loan, they wanted more and more and more waste of time docs, and their story kept changing on the loan parameters and they wanted another fee. Run away. They will only waste your time. read more

I will start with something positive first. I came to this company with some credit issues. Along with a cosigner I was able to complete a rehab loan with an extremely high down payment and extremely high interest rate but nevertheless I did closed on the loan. Now the problem I have with this coming is they fumbled a perfectly good refinance. Imagine having a file where the primary applicant has over a 700 score. The property cash flows close to 5k a month and it appraised high. Perfect file. I responded to an email on 2/14 to lock in a 3.7 or 3.9 interest rate. I turned in everything they asked for with in 24 to 48 hours. My rate should have been locked and if it wasn't they should have told me what I needed to do to make sure it was locked. They asked for everything minus my blood type and my medical records. I complied with everything. They sat on my file until April. The entire time I asked what do they need. They finally came back with my numbers the 3rd week of April with a 7.3 interest rate. I am livid. I missed out on a opportunity because I trusted this company. My rate should have been locked in February when I started this process. But it wasn't. Now they offering me rate that is pretty much 3 percent higher than what I'm already paying. It is so unfair that they set on my file and now I've missed an opportunity to lower my rate. Beware of this company. I wouldn't suggest them to anyone. I hate that I trusted them. Rates will probably never be that low again. I could have went anywhere and they would had jump all over that file. But I trusted them and they screwed me out of an opportunity. read more