COGO Capital

I had a deal and I was referred to them by a broker, part of their requirements (which is a red flag) is to pay a processing fee in advance and you will get credit for it at closing...so no big I thought since I was thinking to close soon....then came to the rerequired documents....honest to god I never seen that amount of docs required (more than 27 to be exact!!!) Even more than conventional loans.....I Said to myself I will go for it regardless!...and before i started , the broker told me that they cannot meet my closing date!!..when I called to ask my processing fee since no work was done and never used anybody time, I was told that the fee is not refundable even though it is not mentioned in any of the initial documents!!..they are just using their complexe processing to make it difficult for people and take the fees illegally....they thieves and so unprofessional at all levels....stay away from them!

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 the respond showed they were unprepared, unorganized, and careless. My ex had taken off work 7 times, and we drove 40 minutes to the closing. I am. 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.

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.

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.

Do not do any business with this company.