• Report: #1060443

Complaint Review: Pacific Private Money and Kevin Green

  • 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

*Consumer Comment: I am both a borrower and a broker with Pacific Private Money

*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 Consumer Comment

I am both a borrower and a broker with Pacific Private Money

AUTHOR: Rustavo - (United States of America)

I happened to just see this today and this complaint is so out of touch with the reality of what I know of Pacific Private Money, Mark Hanf, and Kevin Green, I felt it was my duty as a fellow business person and client of theirs to say something. Noone at Pacific Private Money told me about this complaint and I'm freely filing this rebuttal willingly. 

I am a broker who uses Pacific Private Money to fund loans for my clients. I have funded at least 4 transactions with them recently and in each and every case, they delivered what they promissed on time and at the costs initially proposed at the begining of the transaction. None of my clients have ever contacted me after doing a loan with PPM with a complaint or a problem. 

I also am a client because I have borrowed money on an investment property I own through them as well. So I know first hand that they again delivered a loan on time and at the terms they first offerred. I was never asked to pay any up front fees and the only thing any client does have to pay for to borrow through them is an appraisal which is customary for any real estate loan whether it be with a private lender or even a big bank like Bank of America. 

I know first hand they have current and up to date licensing, Mark Hanf the owner continuously studies the market and the industry guidelines to remain complient, and I respect each and every employee that works there, including Kevin Green. He is a seasoned veteran, knows the business as well as I do, and I'd be happy to do a loan through him or Mark anytime. 

I agree with Mark's rebuttal that it is a shame anyone can just post whatever they want on this webiste with no verification or back up to the complaint, and anonomously as well! If there is anyone I would have a complaint against, it would be the rip off report website itself for not making any effort to verify or refute crazy claims and complaints posted all over their website. Of course there are legitimate complaints on the Rip off Report but this is not one of them.

Should anyone wish to contact me to verify what I have written here, I would be happy to reply. 


Russell Roesner

Owner of Equity Coaltion Inc. 

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#2 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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