• Report: #1060443

Complaint Review: Pacific Private Money and Kevin Green

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  • Submitted: Wed, June 19, 2013
  • Updated: Wed, June 19, 2013

  • Reported By: Upset client and ripped off! — San Jose California
Pacific Private Money and Kevin Green
1604 Grant Avenue Novato, CA 94945 Internet, California USA

Pacific Private Money and Kevin Green, Mark Hanf Pacific Private Money and Kevin Green, Mark Hanf Novato california Hard money guys Novato California

*REBUTTAL Owner of company: This complaint is a hoax

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Pacific Private Money and Kevin Green, Mark Hanf are hard money lender scam artists. They take advantage of people in desperate circumstances and are the worst kind of people.

To any borrower, broker, or real estate professional looking for hard money or a bridge loan, avoid Pacific Private Money and its two fake "fund managers" Kevin Green and Mark Hanf.  Their online process will get you an "approval" in about an hour from some girl named Mirka garrett. They give a bunch of stories with no real intent on funding. They led me down a path and gave term sheets and allowed me to die on a vine. My loan was up and they wanted 15%, 10 points plus equity kickers. They also badmouth their competition. 

Then the "fund manager" Kevin Green or Hanf will get on the phone with the borrowers and lie to them about their "Due Diligence" process.  They swear to everyone that it is a third party company and they do not take up front fees.  Once they take these 3rd party fees into their own account, they disappear. They just pocket the money. They do not even work on the files, and then they go missing and do not return phone calls or emails. Then Kevin acting like a child will send harassing and senseless emails trying his best to act like an adult or a businessman, but in fact, he is just a con man.  I looked up all their "testimonials" on their website and cannot find one real company or person.  They are not licensed with the Department of Corporations in any state, nor is their business properly registered. They hide behind emails and lies.  I have filed with the State Attorney General. They will put them in jail where they belong.  They should be ashamed of themselves. They state they are “holier then thou”!!! They do not have any "investors" they haven’t ripped off.  They just take your money and disappear.  Crooks, Liars and Cheats. 

They take advantage of people in desperate circumstances and are the worst kind of people.

Just stay away from them...or better yet, spread the truth so we can run these snakes out of California back to the desert where they belong. Kevin Green is a dirty "money broker", although he's not a money broker at all, just a scammer who likes to pretend.


This report was posted on Ripoff Report on 06/19/2013 01:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/Pacific-Private-Money-and-Kevin-Green/Internet-California-94945/Pacific-Private-Money-and-Kevin-Green-Mark-Hanf-Pacific-Private-Money-and-Kevin-Green-M-1060443. 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.

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Updates & Rebuttals

#1 REBUTTAL Owner of company

This complaint is a hoax

AUTHOR: Mark Hanf - ()

It is a sad reality of the internet today that anyone can post complete, bald faced lies about your company.  Let me be clear on this – not a single sentence in this anonymous post is true.  Not a SINGLE sentence.  This complaint is a HOAX. This person has never conducted any business with Pacific Private Money. In fact, the person who posted this is a known scam artist and con man who applied for a loan but was turned down after we conducted a background check, where we discovered he had previously defrauded dozens of clients.

I could go through each sentence and rebut, but let me just touch on the most egregious claims. First we hold more active licenses, in good standing, than most any other hard money broker in California. Those licenses are clearly listed on our website.  Second, we have NEVER charged an upfront fee to any client – EVER. Third, we have never written a “term sheet” asking for 15% or 10 points or an equity kicker. None of the above.  Fourth, all of our testimonials are from real clients and we can and do provide their contact information upon request.

Pacific Private Money has one of the best reputations in the industry. We have helped countless real estate investors and consumers. We have never left anyone at the altar, nor allowed any legitimate loan request “die on the vine”.  We have the highest closing ratio in the business.

A rational person who reads this post would conclude that the claims are ridiculous, and that the post is an angry rant from someone who has no one to blame for his predicament but himself.

Sincerely, Mark Hanf, Broker, Pacific Private Money Inc. 415-883-2150.

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