• Report: #893830

Complaint Review: FII CAPITAL PARTNERS, LLC

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Wed, June 06, 2012
  • Updated: Tue, September 25, 2012

  • Reported By: JAMES W — OAKLAND California United States of America
FII CAPITAL PARTNERS, LLC
347 FIFTH AVENUE SUITE 1402, NEW YORK, NY 10016 Internet United States of America

FII CAPITAL PARTNERS, LLC NAPPER INVESTMENTS, LLC GLOBAL FUNDING SOLUTIONS FOR ALL BUSINESSES --- YEA RIGHT!!! SCAM, SCAM, SCAM Internet

*Consumer Comment: So did FII get you the loan or a refund ?

*UPDATE Employee: Reply to Last Post

*UPDATE Employee: Counteracting your comments

*UPDATE Employee: Reply to Napper/Perry Port Washington

*UPDATE Employee: Napper

*UPDATE Employee: FIICP/Napper Reply

*Author of original report: Rebuttal To FII Capital Response

*UPDATE Employee: Napper/FIICP Scam Reply

*UPDATE Employee: Napper SCAM

*UPDATE Employee: FIICP SCAM

*REBUTTAL Owner of company: Napper Investments Reply

*UPDATE Employee: Reply

*Author of original report: Rebuttal To FII Capital Response

*Author of original report: Rebuttal To FII Capital Response

*UPDATE Employee: Reply to this post about FII Capital Partners

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

I CONTACTED FII CAPITAL PARTNERS,LLC IN MID FEBRUARY ABOUT THERE FUNDING PROGRAM.  I WAS TOLD THERE PROGRAM WAS THE SIMPLEST WAY TO RAISE MONEY FOR YOUR BUSINESS THERE IS. 
 
FOR EVERY $1 M YOU WANTED TO RAISE THEY CLAIM TO BE ESTABLISHING YOU A CREDIT LINE OF $ 5 M WITH THERE BROKER DEALER STERNE AGEE OUT OF NEW YORK TO BUY INVESTMENT GRADE SECURITIES.  FOR YOU TO THEN USE AS COLLATERAL FOR A LINE OF CREDIT AGAINST THIS $5 M PORTFOLIO OF ASSETS.  WITH THIS LINE OF CREDIT YOU TAKE YOUR $1 M , YOU GIVE THEM $3 M AND YOU ALSO SIGN A $2.5 M PROMISSORY NOTE THAT'S SUPPOSE TO BE PAID FOR BY THE FIXED INCOME REVENUE FROM THE INVESTMENT GRADE FIXED INCOME SECURITIES OF THE $5 M PORTFOLIO THEY BUY FOR YOU.
 
 AMONG THE MANY THINGS THEY CONVENIENTLY FORGET TO TELL YOU IS THAT YOU WILL NEED TO GET THE $2.5 M PROMISSORY NOTE BONDED OR INSURED BY SOME PROVIDOR THAT THEY CAN'T AND WON'T PROVIDE YOU WITH A RECOMMENDATION FOR.  YOUR ON YOUR OWN, GOOD LUCK.
 
AFTER ALL THE BACK AND FORTH WITH THE VARIOUS INSURANCE & BONDING COMPANIES, THAT BY THE WAY WON'T TOUCH TRANSACTIONS LIKE THIS. 
 
I'VE COME TO THE CONCLUSION THAT I'VE BEEN TAKEN FOR MY $10K DEPOSIT AND HAVE RESOLVED TO THE FACT THAT I WON'T BE SEEING THAT AGAIN. 
 
MY PURPOSE FOR THIS IS TO NOT SEE ANYONE ELSE GET JAMMED UP LIKE I DID AND TO SHUT THIS GUY DOWN. 
 
HIS WEBSITE IS http://www.fiicp.com,
 
FII CAPITAL PARTNERS, LLC
347 FIFTH AVENUE
SUITE 1402-159
NEW YORK, NEW YORK 10016
 
646.205.8044 TEL
646.205.8147 FAX
 
HE ALSO OPERATES UNDER NAPPER INVESTMENTS 
 
http://www.napperinvestments.com/ 
 
NAPPER INVESTMENTS, LLC
191 Peachtree Street NE
Suite 3300
Atlanta, GA 30303
TEL   404 736 3679
FAX  404 420 2810
 
 
SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!SCAM!!!!!!!!SCAM!!!!!!!SCAM!!!!!

This report was posted on Ripoff Report on 06/06/2012 03:02 PM and is a permanent record located here: http://www.ripoffreport.com/r/FII-CAPITAL-PARTNERS-LLC/internet/FII-CAPITAL-PARTNERS-LLC-NAPPER-INVESTMENTS-LLC-GLOBAL-FUNDING-SOLUTIONS-FOR-ALL-BUSINES-893830. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on FII CAPITAL PARTNERS, LLC

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
3Author 11Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

So did FII get you the loan or a refund ?

AUTHOR: TCD Inc. - (United States of America)

So did FII get you the loan or a refund ? Because I didnt get any satisfication and paid out $20K to FIICP.
Respond to this report!
What's this?

#2 UPDATE Employee

Reply to Last Post

AUTHOR: Admin at FII Capital Partners - (United States of America)

To whom it may concern:

Regardless of your attempts to scrutinize every aspect of these transactions, please be advised that the "fine print" is disclosed in the commitment.  The assessed fees are not paid until AFTER the client accepts the commitment-not BEFORE!  The client is made aware of the requirements and has time to locate the required coverage.

I am sure that Vince explained this prior to the issuance of a binding commitment. Again, Vince has an insurance underwriter on standby to underwrite this transaction-which is the only missing piece.

For the record:  FIICP is ready, willing, and able to fulfill its obligations under an issued commitment.  If a client does not accept the commitment, then he/she does not have to pay FIICP.  Only when the client accepts the commitment and the terms and conditions within, are fees assessed.

Regards,

DM
Respond to this report!
What's this?

#3 UPDATE Employee

Counteracting your comments

AUTHOR: Perry - (United States of America)

Mr. Myers

My last response was directed for Vince. Since I assisted during the process of the bonding sourcing and promissory bonding my comments are germane to the dispute as I have posted my correspondences with the insurers.      
 
Let's take your comments and juxtapose what is specified in your marketing materials at http://www.fiicp.com/#!fii-program.

Item 1.

'  Regarding bonding:

I have spoke to bonding agents as well and I do have some insight on this as well.  A client must have suitable collateral for bonding.  The bonding coverage that we require must be that equal to the outstanding principal of the promissory note at any time during the term.  The amount of coverage will be reduced annually due to the principal reduction that will occur due to the principal that is received from the revenue generated by the portfolio.  The client should be able to demonstrate growth (appreciation in its assets) in the company over time while reducing the principal of the promissory note annually.  Each year, the bonding company's risk is decreased.  '


 THE FIICP WEB SITE:

 Promissory Note Terms:

The Term of the Promissory Note will coincide with the Term of the Instrument.

Payments due on the Promissory Note will coincide with the coupon payment schedule.

The yield/coupon revenue will cover Principle & Interest requirements of the Promissory Note

The SPE's stock/membership units owned by the Client will be pledged as collateral.

FIICP will take a subordinate lien position against the Instrument behind the primary lender.

There will be no prepayment penalty on the Promissory Note.

Financial Guarantee Bond or Loan Default Insurance required for the principal amount of the Promissory Note where FIICP is the Obligee or Insured!!!!!!!!!


It's a boiler plate presentation sir. Nowhere does it mention a client must have suitable collateral in the amount of 2.5m. At the very least it's  misleading. If a company or individual possess that amount of collateral why would they need to walk blindly through a process to procure $1M?

 Logic tells us no one would do this, which is precisely why you and Vince have yet to show to us, and the people viewing this forum, a viable source who has closed a deal with FIICP.
  
Item 2

 'These terms are disclosed in our funding proposal, the commitment, and the website.  So it is NOT our intention to defraud ANYONE."


But that is not case. Once again you fail to comprehend this dirty little detail ... you took up front money of $10,000.00 (plus a non refundable $99 app fee) to provide a service based on the marketing concept advertised on your web site. This is called a bait and switch sir.
 
Additionally, I have printed copies from your firm ... the image posted here.
 
If you actually existed in NYC, which you do not, I would be happy to reach an amenable outcome. Or if you or Vince actually returned phone calls from a client that paid you 10k for services rendered, we would not make this sham public. If it's true that you guys have found a source to underwrite the bonding then we are more than willing to wait out the process. Thus far both of you have provided nothing more than industry jargon, which does notaddress the underlying problem.
Respond to this report!
What's this?

#4 UPDATE Employee

Reply to Napper/Perry Port Washington

AUTHOR: Admin at FII Capital Partners - (United States of America)

Perry Port Washington

We have no record of you being a FIICP client.  If you applied for funding through KKPR, then you could have been applying for several different funding options.  KKPR only performs application intake services for FIICP.

For the record:  
FIICP's only obligation to our JV partners is the purchase the portfolio of investment grade fixed income securities per the commitment.  Nothing more! 

The responsibilities of the client are made known prior to ANY client engaging us.  If a client cannot comply, shame on them.  For this reason, we make all of the terms and conditions of our program known-UPFRONT. These terms are disclosed in our funding proposal, the commitment, and the website.  So it is NOT our intention to defraud ANYONE.

About FIICP:
FIICP is an investment fund with a core strategy focused on the fixed income market.  FIICP only purchase securities, not fund client's deals.  FIICP and the client form a Special Purpose Entity (JV).  FIICP commits purchase a portfolio securities under the ownership of the JV as an equity contribution.  The required specs of the portfolio are as follows:  Aggregate 10 year min term, 7.25% aggregate yield, non-callable during required term, BBB+ minimum rating. 

This portfolio will serve as collateral for a traditional loan. After the loan is secured, FIICP's equity in the JV is bought back by the client at a pre arranged amount of 110% of FIICPs equity contribution (purchase price of the portfolio): 60% cash from the proceeds and 50% promissory note with the following terms: 10 year term, 7.91% APR amortized over 10 years, no pre payment penalty. The promissory note will be serviced by the revenue that is generated by the portfolio.

The reason FIICP requires insurance or a financial guarantee bond is because the portfolio purchased by the JV will serve as the underlying collateral for a traditional loan with a "senior lender".  The senior lender will be in a senior position against the portfolio. The promissory note which serves as part of the "buy out" of FIICPs equity in the JV is serviced by the revenue generated by the portfolio.  

Should there be a default by the client with the senior lender, the senior lender WILL liquidate the portfolio. This default will have a systemic effect on the transaction.  The FIICP promissory note will not be able to be serviced due to the liquidation of the portfolio. Its a good chance that the client would not be able to continue to service the FIIPC promissory note due to the fact that he/she defaulted with the senior lender. Additionally, this tells FIICP that the client's business has failed.  

Since these transactions are ALWAYS high risk (due to the fact that the clients could not secure traditional financing), it is the job of management to protect the investors, FIICP, and its assets.  Requesting coverage on the promissory note is GOOD BUSINESS and a good hedge, not FRAUD.

The terms of our "equity" participation into the JV are made known to client's upfront. It is not our responsibility to locate suitable bonding or insurance for our JV partners.  This requirement is the client's responsibility and every client knows this UPFRONT.  We don't pressure or force ANY client to participate in our programs. They do so at their own free will.  

Regarding bonding:
I have spoke to bonding agents as well and I do have some insight on this as well.  A client must have suitable collateral for bonding.  The bonding coverage that we require must be that equal to the outstanding principal of the promissory note at any time during the term.  The amount of coverage will be reduced annually due to the principal reduction that will occur due to the principal that is received from the revenue generated by the portfolio.  The client should be able to demonstrate growth (appreciation in its assets) in the company over time while reducing the principal of the promissory note annually.  Each year, the bonding company's risk is decreased.  

FIICP has a 100% money back guarantee if FIICP does not perform its obligations under the commitment. FIICP encourages all clients have the terms & conditions, commitment, and any other documentation be reviewed by its general counsel.  

Regarding this current deal:  
Mr Napper has indicated to me that he has located a suitable loan default insurance underwriter for this client. We are at a standstill until we receive this confirmation that this client will be insured. We stand ready, willing, and able to purchase the $5 million portfolio upon satisfaction of the terms and conditions of the commitment.

My personal thoughts:
I don't understand why borrowers feel that they are above the general rules of financing and these rules don't apply to them. To secure a loan, one needs collateral. FIICP assists with collateral that is considered "cash equivalents".  The proceeds are always used to "grow" or "invest" in a business and there is a supposed positive effect on the revenue that the business will generate. Thus, clients should have a post money valuation of their business using the assumptions of the business and its operations after the infusion of capital. The valuation of the company will show the value of the equity owned by the principals of the client's company. This will help clients with coverage (especially securing financial guarantee bonding).  

Every client claims to have the "next big thing" but it is known that 90% of businesses fail within the first 2 years. We at FIICP feel that our request for coverage of the promissory note to insure that FIICP nor its investors lose principal is solid business acumen.  

David Meyers
Respond to this report!
What's this?

#5 UPDATE Employee

Napper

AUTHOR: Perry - (United States of America)

Yes, I am part of his team and I have personally called you sir on at least 4 occasions. Over this span of two months I left detailed VM messages. You never called back. You always seem to be in meetings. You know it's true.

Additionally, I reached out to KKPR who processes the $99 application. I will not mention names or slander third parties. I'm more than willing to arrange a conference call at your convenience ...

Then I'll be more than happy for you to educate me on the virtues of integrity and surety bonding. I can provide a laundry list of names and surety providers who refused to underwrite the bonding based on the Appleton Law.

You will explain how a firm can take upfront cash of 10k without providing a modicum of customer service ... and I keep very copious notes for the FCC.

Bottom line here is that you are representing and perpetuating a fraud  -- unless of course you find us a provider to under write the bonding. We have done our homework. The lead person has tremendous financial acumen. A layman would not have been able to facilitate this exercise. The bonds have been sourced and we have the exit bank. All the paperwork has been executed. We've been ready since April ... it's now the middle of June and you or FIICP have taken our money and I don't like that.

All we're looking for is support. If that cannot be done I will tell you, futile or not, litigation  and a wave of negative PR will follow. 
Respond to this report!
What's this?

#6 UPDATE Employee

FIICP/Napper Reply

AUTHOR: Vince Napper - (United States of America)

James

Full Disclosure is telling a client what is required PRIOR to executing an agreement.  It is the client's responsibility to fully assess the inherent pitfalls, hurdles, etc.  

Underwriter Checklist:  If an underwriter is going to fully assess the risks, then YES they will be VERY thorough if they are to provide $2.5M of initial coverage.  This is the reason for the 114 item checklist.  You asked for my help in this capacity and I am fully committed, but you have to do your part.  The underwriter requires this information.  Until he gets it, we are at a standstill.  He has given me the initial quote based on the information that I have supplied.  

We have numerous clients who are able to obtain the required protection-all of which are based on the risks associated with the client's company.

FIICPs ONLY obligation is the purchase the portfolio according to the specifications disclosed in the program guidelines.  The portfolio that you supplied was fine.   

I am not going to continue to go back and forth.  I am here to help in whatever capacity I can regardless of your claims not to "throw rocks" and damage my reputation and accusations of FIICP of perpetrating a SCAM.

I await the documentation required by the underwriter.  This is the only hurdle that you must overcome so that we can CLOSE your deal.  Its that simple.  Let's quit all of the back and forth and work together to close this deal!  That is what I am interested in doing.

Anybody reading this wishing to view the FII Program, step by step, please go to:

http://www.fiicp.com/#!fii-program 

At the end of the transaction, the client has build net worth equal to twice the funding request from a balance sheet standpoint.  There are NO SMOKE & MIRRORS.  

Vince
Respond to this report!
What's this?

#7 Author of original report

Rebuttal To FII Capital Response

AUTHOR: JAMES W - (United States of America)

Vince,

"FULL DISCLOSURE"  would have been " Hey man your going to have a heck of a time getting this promissory note bonded or insured why don't you source that before you send us your money".  That sir would be "FULL DISCLOSURE".  

We have spoken to what I believe is every Insurance & Bonding provider out there to no avail nobody is willing to touch this program of yours.  We've even had "Full Disclosure" conference calls with the providers detailing this program your offering and even they laugh at it.  And I quote " Who in there right mind is going to be on the hook for and make payments on a $4M line of credit to only have access at $1M.  Your still going to need to provide us with 100% cash or acceptable collateral to write this."

As for your supposed assistance with the bonding that you were to pass on to one of your "Lead Underwriters" it's laughable.  The checklist that was given is a JOKE114 additional items requested after submitting a 34 page business plan and completing 10 other forms for another of your "Lead Underwriters".  Needed to approve a transaction that according to your own website is 100% Guaranteed.  If the FII Capitals funding is 100% Guaranteed what's the deal with all this underwriting and if you Mr Napper care so much about your reputation why not "Fully Disclose" the fatal flaw in your offering.  The simple fact that anyone who takes on this program will be left to there own devices to wonder through the "Financial Woods" in search of Insurance or Bonding that may never come.  But that's a chance that according to the way your program is offered everyone would want to take once all the facts have been "Fully Disclosed" to them.

My intent is not to throw stones as you say but to "Fully Disclose" my experience with your outfit.



Respond to this report!
What's this?

#8 UPDATE Employee

Napper/FIICP Scam Reply

AUTHOR: Vince Napper - (United States of America)

To Perry:

Are you a client of FIICP?

Regarding the comment about NI working for free:  the client was being very disingenuous with his comments.  This client has blogged that we have somehow scammed or defrauded him.  Therefore I felt it necessary to indicate that NI is assisting this client without any compensation.

Regarding Financial Guarantee Bonding:  we have been in contact with many bonding agencies.  Bonding is different than insurance.  The bonding company will guarantee an amount to FIICP if there is a default, and then they will go after the client to recoup their loss.  
1.  Bonding is industry based. 
2.  The client has to have sufficient collateral (cash is better, but not required) equal to the amount bonded.  With the FII Program, the financial guarantee required is a diminishing coverage.  Therefore, as time goes forward, the bonding requirement becomes less.  The client's project CAN serve as collateral. 

Regarding the insurance:  there are insurance products out there that will accommodate FIICPs requirements.  The underwriter that I have for this client stated that the coverage would be a 7 year policy and the total premium would be 10% (which is divided over the term of the policy, thus about 1.43%/year). I have arranged this for NUMEROUS Napper Investment clients.  Through my insurance contacts, we have even located "Personal Guarantee Insurance" which will serve as a personal guarantee for persons who do not have the liquidity or equity requirements by a lender.  Napper Investments driven by finding solutions for its clients.

The bottom line is that the products required by FIICP exist.  Some clients/projects have greater risks than others which will determine whether or not a bonding company or insurance agent will issue a bond/policy.  

This is EXACTLY why FIICP gives FULL DISCLOSURE as to the requirements and process of the FII Program PRIOR to a client engaging FIICP.  

Forward Looking:  FIICP is currently working with insurance company providers to develop a product that will ASSIST clients who cannot obtain the insurance.  Basically, FIICP will insure its assets (the Promissory Notes).  There will be an additional charge assessed at closing to clients equal to the premiums paid by FIICP.

Regarding past clients:  we can arrange for a conference call with past clients.  However, we have a strict privacy policy that prohibits us from disclosing their information without written consent.
 
Vince
Respond to this report!
What's this?

#9 UPDATE Employee

Napper SCAM

AUTHOR: Perry - (United States of America)

Mr. Napper

There is no insurance company (Travelers, Zurich, Liberty M, Farmers, etc) that will underwrite a surety  bond for 2.5m without an LOC or cash substitute.

Hence, if the borrower has the 2.5m on hand, why would he/she go through this exhausting process to procure 1m?

Frankly, this process is not based on the venture, but strict guidelines that adhere to a guarantee in the form of an LOC or suitable collateral. Therefore, it renders your argument moot until further evidence comes to light.

Below is an example of the roadblock the client encounters. This should be taken into consideration before upfront money is collected by FIICP or an agent like yourself:

I tried Hartford, with whom we write almost all our bonds and they do not write this type of bond.  I then tried a bond broker that specializes in bonds that are difficult to place and they advised that this bond type is a financial guarantee that all of their sureties would require the client to post 100% of the bond amount in cash in collateral , so they do not think they can help with this one either.

If you can post the entire amount in cash, let me know.  Otherwise, I will not be able to help you with this.

I am so sorry.

Insco Insurance Group

---------------------------------

Per our conversation on Thursday, 4/26/12, attached is a link to a website that describes Appleton Law, etc.  I may not have all of the details of your request, but it seemed the need fit the definition of credit enhancement, which Zurich is precluded from writing as a multi-line insurer.  There was no underlying performance or statute requiring the bond from your description.

Unless you have additional information that shows the bond need would be a commercial surety obligation, Assured Guaranty is a company provides guarantee coverage.

Zurich Surety - Commercial Northeast One Liberty Plaza, 30th FL 165 Broadway New York, NY 10006 Phone (212) 553-3307

-----------------------------------

I referred him to Surety Solutions, Inc., one of HCC Surety Group's valued agents whom is proficient in procuring surety bonds for their clients. From my discussion it sounded like the $5 Million bond portfolio is currently be held as collateral, which would prevent it from being used as collateral for the surety bond obligation.

----------------------------------

BTW ... I would not outwardly object to providing some free consulting to a client. Any reputable firm, or a broker representing that firm, should be collecting loan processing fees after actually finding a suitable loan, or a proven funding mechanism, for their client.

If people are trolling this forum it means they have sacrificed earnest money with no palpable results. You seem to be irked about hand holding a client through a process that will benefit your reputation in the long run, and that is precisely why you and FII Capital Partners have been called into contention.

Respond to this report!
What's this?

#10 UPDATE Employee

FIICP SCAM

AUTHOR: Perry - (United States of America)

Mr. Myers

You still have not answered the question.

Can you point to any individual or company that has been able to locate an insurer to underwrite the bonding for the promissory note?

My research yielded similar results. In lieu of the Appleton Law there is no suitable method of bonding without a 2.5m dollar cash guarantee.

FYI:

Per our conversation on Thursday, 4/26/12, attached is a link to a website that describes Appleton Law, etc.  I may not have all of the details of your request, but it seemed the need fit the definition of credit enhancement, which Zurich is precluded from writing as a multi-line insurer.  There was no underlying performance or statute requiring the bond from your description.

Unless you have additional information that shows the bond need would be a commercial surety obligation, Assured Guaranty is a company provides guarantee coverage.

Zurich Surety - Commercial Northeast One Liberty Plaza, 30th FL 165 Broadway New York, NY 10006 Phone (212) 553-3307 ----------------------

Indeed, sourcing the bonds to match your criteria is difficult, but not impossible. The real hitch is the bonding, which is predicated on a cash guarantee.

I would bet that most entrepreneurs applying to FIICP's program do not have the resources to compel a provider to underwrite a surety bond of this magnitude.

Yes, the promissory note details are clearly defined in your marketing materials. However, for an upfront fee of 10,000.00, the lack of communication/cooperation is inexcusable.

This could easily be remedied by providing the client with discernible references who have been funded. If that cannot be done then refund the money since the surety bond cannot be procured without a cash guarantee.

Thus far your business methods are just as unscrupulous as the hundreds of so called funding practitioners being reported on this site.
Respond to this report!
What's this?

#11 REBUTTAL Owner of company

Napper Investments Reply

AUTHOR: Vince Napper - (United States of America)

To whom it may concern:

I was made aware of this report yesterday by my colleague, David Meyers.

I am here to set the record straight regarding this client-James W:  

I am aware of who this client is.  Personally, Vince Napper, as a Managing Partner with FIICP, I am assigned a certain number of clients.  This client was assigned to me a few months back.  I PERSONALLY explained the program, risks, requirements, etc regarding our FII Program.  These terms and conditions are also disclosed on the FIICP website.

It is ironic that I reach out to this client on a weekly basis in an attempt to assist this client with finding appropriate insurance/loan coverage.  I have presented the client with a checklist of items needed by an underwriter.  Several weeks have passed and I still have not received this checklist.  The checklists consists of standard items required by ANY entity who will be insuring the client for $2.5M. While the list is lengthy, this is a high risk transaction.  

While this client may be frustrated, the rules of the program have been established prior to the client dealing with FIICP.  On this website, I read that this client claims FIICP did a "bait and switch" and he was unaware of the required coverage. I know that I explicitly explained the coverage requirements and client was optimistic in believing that he would be able to obtain the coverage.  The client claims he has made several unsuccessful attempts to obtain suitable coverage.  

The reason that clients may not be able to obtain the coverage is due to the associated risks with THIER project.  With my assistance, I have found an underwriter who has taken a look at this client's project (free of charge), and said that he believes he can underwrite and get a quote for a suitable loan default coverage.

For the record:  Napper Investments has not made any money off of this transaction.  There is a 10% commission paid to the broker who refers the deals to FIICP. That 10% commission was paid to the gentlemen who referred this client to FIICP.  Vince Napper's job working with FIICP is to explain the program and assist with any Q&A.  It is the clients responsibility, per the FII Program, to obtain a financial guarantee bond/loan default insurance, participating lender, fixed income portfolio, etc. The client has located a suitable portfolio.  

Napper Investments has been consulting with this client "Free of Charge"!  For standard consulting deals with this structure, Napper Investments assesses a 0.1% (of the funding request) Retainer and 0.5% of the funded amount paid upon closing.  

To say that my colleagues and myself have perpetrated a fraud or scam is completely ludicrous.  We operate with the highest integrity and I believe in maintaining a good standing in the business community.  

To James W:  you and I are in constant contact.  I understand your frustration, but do not "throw rocks" or "point the finger" at me, Napper Investments, or FIICP in a negative manner due to your shortfalls.  I have made you FULLY aware of all of the required terms and conditions PRIOR to you signing any agreements with FIICP and paying the required fees to FIICP.  

I am here to help you in any way I can but lets operate with 100% truthfulness and integrity and not embellished or fabricated stories that "make you out to be a victim" and villainies me, Napper Investments, and FIICP on an internet blog or forum such as Rip Off Report.  

If anyone has any questions, I can be reached DIRECTLY at 404-462-7548.

Vince Napper
Napper Investments LLC
vincent@napperinvestments.com
Respond to this report!
What's this?

#12 UPDATE Employee

Reply

AUTHOR: Admin at FII Capital Partners - (United States of America)

I do not work for Mr Napper as his secretary.

I have not notified him of this post, however, I will so that he may address you directly.

I wish you all the best,

David Meyers
Respond to this report!
What's this?

#13 Author of original report

Rebuttal To FII Capital Response

AUTHOR: JAMES W - (United States of America)

The companies you've listed on your website as closed transactions of clients you've worked with in the pass are bogus.  My company has tried contacting all of them but only one still seems to be around.  Everyone else numbers have been disconnected and sites have been taken down.  When we inquired with the one company we could reach about how there transaction went.  They said they were yet to close anything with your company but you list them as a closed transaction.

I also find it curious that Mr Napper himself doesn't respond and he has his secretary Mr Meyers give his side.  As I understand it you have nothing to do with the process nor could you give any direction as to how to proceed.
Respond to this report!
What's this?

#14 Author of original report

Rebuttal To FII Capital Response

AUTHOR: JAMES W - (United States of America)

I leave it at this.  The companies you've listed on your website as closed transactions of clients you've worked with in the pass are bogus.  My company has tried contacting all of them but only one still seems to be around.  Everyone else numbers have been disconnected and sites have been taken down.  When we inquired with the one company we could reach about how there transaction went.  They said they were yet to close anything with your company but you list them as a closed transaction.

I also find it curious that Mr Napper himself doesn't respond and he has his secretary Mr Meyers give his side.  As I understand it you have nothing to do with the process nor could you give any direction as to how to proceed.
Respond to this report!
What's this?

#15 UPDATE Employee

Reply to this post about FII Capital Partners

AUTHOR: Admin at FII Capital Partners - (United States of America)

To whom it may concern:

We resent the implication that we have scammed anyone.  

Our website and documents gives FULL DISCLOSURE as to the terms and conditions of the program.  There is nothing paid to our firm until the client understands the terms and conditions of the binding commitment. The commitment is presented to each client prior to the client paying any fees associated with our programs. The client MUST consult with his/her counsel and accept the commitment by signing and notarizing the document prior to paying the fees.  

Regarding the insurance/bonding requirements:  This requirement is made known on our website (www.fiicp.com).  We do not "conveniently" forget to mention this requirement.  Obtaining coverage/bonding is a requirement in 99.9% of financial transactions.  Our requirement is NO DIFFERENT than that of our competitors.  These are high risk transactions and we must protect the integrity of our fund and our investors.

Regarding Napper Investments LLC:  Napper Investments LLC is an independent representative of our programs.  If this client who made this claim is a Napper Investment LLC referral, I am 100% sure that Mr Napper has represented the program truthfully.  In Mr Napper's defense-I am sure that he has gone above and beyond to assist this client with the requirements.  Mr Napper does not get paid unless the deal closes. Napper Investments has relationships with some of the largest investment banks and hedge funds in the world.   

David Meyers
Senior Analyst & Intake Coordinator
david.meyers@fiicp.com 
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory
tired