Lending Scam Targeting Real Estate Investors: Hard Equity Financing of FLWatch out for this bogus hard money lender based in Miami, FL called, Hard Equity Financing. We had a client call us yesterday for a loan, a really nice guy. I talked to him for awhile and he told me about yet another lending scam, a company called, Hard Equity Financing. This group purports to lend Nationwide so be careful. For a loan of $70,000 they took an upfront fee of $2,100. Then they kept giving the client one excuse after another for why they couldn't fund the loan. Eventually they cut off all contact with him, and they never returned even a portion of the upfront fee. Unless it's a large size, commercial loan, any upfront fee charged by a lender over $1,000 is usually a scam. Watch out for this group out of Miami, Florida called Hard Equity Financing. You can read the experiences of other people who got scammed by this company at the link below. This client told us he posted a complaint on the Ripoffreport.com website about this company. Here's the link to the complaint he posted along with the other complaints: http://tinyurl.com/9vy7uk3. Watch out![Promotion and website removed by Zillow moderator. Please see our Good Neighbor Policy.]October 02 2012 - US1YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.