Athas Capital Group Inc

BAIT AND SWITCH, BEWARE !!!
Had some of the same issues mentioned here. Want appraisal first and then send a condition list. Then I never heard from them again. Stay away from these bamboozlers.

This Company is incompetent and they Lie to you. Their manages and staff are obviously new to the industry. They give false approvals without underwriting or due diligence. They claim to be funding billions in loans so they treat you insignificant. Yet, they force poor sub prime borrowers to pay for an appraisal and drag them on for weeks but never fund the loan that they we issued an approval on. On top of this, they refuse to release your appraisal, that doesn’t sound like a company funding billions, and it certainly isn’t smart management. It sound like a dinosaur that’s extinct. Why would any one do business like this in the 21 Century ?, INCOMPETENT, the internet makes the world a very small place. There are many companies that do sub-​prime loans much better than these guys. Brokers and Borrowers Beware, BBB

If you are trying to purchase a home no longer than 30 days, as 30 days should be the max amount of days to have a home loan closed and funded, this bank is NOT for you. I repeat again, THIS BANK IS NOT FOR YOU! They are irresponsible, unprofessional people that work here are a JOKE! Especially their «Account Manager», it scares me that they have irresponsible personnel handling peoples finances and LOOSING THEM! Yes, that’s right! They lost ALL of my clients documents after a month of having them! This is not the first time I have given this lender a shot but this will certainly be the LAST TIME EVER!!! If it’s not one thing missing, it’s another. They are not very clear on what they need, they give no detail. For example, they are those kind of lenders who say… «You need a letter of explanation»… Yes okay but what kind of letter of explanation? What date? what bank deposit needs the explanation?!. And they will NOT respond back to you in 2 or more business days even if you blow up their phone and email. The whole Athas Capital Group is a complete JOKE!!! It blows my mind that they have wasted and wasted soooooooo much of my clients time!!! That is COMPLETELY UNACCEPTABLE!!! So a little FYI if your looking for a great lender, you better pack up file and RUNNNNNNN RUNNNN RUNNNN from this one… They are no good! Please disregard that full star I rated them. They aren’t even worthy of that. Pftttt complete JOKE!

This place is terrible. Promises without action or delivery. You know you are going to pay a premium for your money with hard money lenders, but typically they are fast and easy. This place charged a $ 650 additional fee for a rush to order docs. I placed the rush on Monday and it is Thursday and I am without docs. Athas also did not use the appraisal that was done and ordered a BPO that came in $ 30,000 lower than appraisal and was an additional $ 400 to the client. MOre fees and more hassles than I have ever seen with hard money. Total waste of time, money and energy. Especially when there are so many other options. Patty is the rep and she screens my calls because she is embarrassed. She is useless. There are now several hard money lenders to use out there. Do not make the same mistake I did by choosing this one.

What a joke, cant get an approval without giving credit card for appraisal. I give them a loan package and credit card authorization for 750.00. They assign the deal to be appraised. My credit card was charged before the report was done or property seen. The appraisal was scheduled and the appraiser came out but never told us they had to see all 4 units. I received a condition list stating the loan could not be done. They would not allow cash out for consolidation as they verbally and in writing indicated they could do. I cancelled the loan and ask for a refund minus a trip charge for the appraisal that was not completed and they wont even respond by phone or email. They wanted my client to state the money was being used for home improvement and if he did not sign the letter no loan.
I was able to contact the appraisal management company and their policy is simply NO REFUNDS.
Use at your own risk. With over After 35 years in real estate lending this is a first.

Very professional and provided excellent customer service!

I have been dealing with Athas Capital for 2 years now and have never encountered any type of speed bump or hiccup. As a mortgage broker it is very comforting to know that I have a lender like these guys on my side to ensure that my deal gets closed smoothly and my client gets exactly what they are looking for. My account executive, Marc, is very knowledgeable and very punctual with getting back to people. I’m not sure what kind of experience Paul had with them, but I am guessing that it was a garbage file. Athas’ rates are great and they get the job done. Time and money very well spent!
–Dee
TransUnited Financial

Excellent customer service, funded deal exactly as it was submitted and closed in the timeframe required. Will continue to come back for more deals.
These guys are direct lenders, not lender-wannabe’s.