• Report: #741194

Complaint Review: West Coast Funding, Inc

  • Submitted: Wed, June 15, 2011
  • Updated: Wed, July 13, 2011

  • Reported By: Tigger — Mesa Arizona United States of America
West Coast Funding, Inc
1001 16th Street Independence Plaza B-180 Ste 154 Denver, Colorado United States of America

West Coast Funding, Inc Rodney Peterson Fresh Start Division Scammed me out of $5000.00 Denver, Colorado

*Author of original report: Runing but can't hide

*Author of original report: Additional Information

*General Comment: I am not that Rodney Peterson

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!

Rodney Peterson operates a company called West Coast Funding, Inc out of Denver, Colorado. He claims to offer second chance financing for various commercial real estate purchases. He charges what he calls a retainer fee of $5000 for his services. In the contract agreement he also states that if the deal is not funded he will refund the retainer fee.

I paid the "retainer" fee of $5000.00 and two days later he emailed me some documents with "soft terms." He said that this came from "the underwriter" and that I had the option to negotiate these terms. I did negotiate the terms and got approval from the "underwriter" that all was agreed to.

Next, Peterson told me that I must send $2500 to "the underwriter" who apparently was the "lender" as well. Also, it was suggested that if I wanted to rush the closing to 12 days I would pay an additional $900. I sent "the underwriter lender" $3400. [continued below]....
..... This person who calls themselves the underwriter/lender is someone named Davide Erante at Hard Equity Financing (hardequityfinancing.com). I followed the instructions  and sent all the documents relating to the property purchase to Erante.

Each time I sent documents to him, he sent an acknowledgement that they were all received. He stated in the agreement that our closing date would be May 31st. When May 31st, came nothing from him. 2 days later he said that he was still missing 2 documents which I sent to him immediately and he said they were wrapping things up and about to close. Never happened.

Finally the title company warned us that they still haven't heard from Erante and that they MUST receive documentation from him no later than the 14th of June. Still nothing from Erante. Rodney Peterson kept saying it was not unusual for Erante to wait to the last minute. Still no funding was made available.

So, I went into default. Now the seller wants to sue me for not being able to perform and Peterson and Erante are no where to be found. Do not do business with Rodney Peterson of West Coast Funding, Inc of Denver nor David Erante of Hard Equity Financing of Miami. Obviously they are working together to scam potential buyers out of upfront money.

Do not be fooled by what you see on the internet with Peterson. He claims to have a pristine reputation and claims to have done several deals with Erante. Run the other way! Not one penny has been refunded and the there was never a loan. In contacting the authorities I have been told I am a victim of an Advance Fee Loan scam.


This report was posted on Ripoff Report on 06/15/2011 03:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/West-Coast-Funding-Inc/Denver-Colorado-80265/West-Coast-Funding-Inc-Rodney-Peterson-Fresh-Start-Division-Scammed-me-out-of-500000-De-741194. 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 West Coast Funding, Inc

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:
2Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

Runing but can't hide

AUTHOR: Tigger - (United States of America)

Update.... this clown who calls himself "Rodney Peterson" is on the lam again. Now he is trying to create another scam company called VL Funding, LLC out of Denver, Colorado once again. I'll keep updates on the site as I find out new information.

He is using a gmail account:  [email protected] The BBB in Denver sent this creep a letter asking him to dispute the accusations..but of course he never responded.

Respond to this report!
What's this?

#2 Author of original report

Additional Information

AUTHOR: Tigger - (United States of America)

The hope in submitting this report is so that it will help others from becoming a victim of companies like this.

In doing more research, its found that the person who is perpetrating this scam is using some fake name or alias. He says his name is "Rodney"....never gives a last name or any other information. Apparently, this person is perpetrating this scam nationwide not just in Colorado. There are references  to the same postings in cities across the country including but not limited to the east coast and west coast.

To anyone reading this post....do your research throughly. Contact the better business bureau in Colorado and also the attorney generals's office. Don't worry, even some of the brightest and most intelligent people fall victims to scams like this.

My advice is this..if you cannot verify the identity of this person, see any written contract agreements and verify with a professional that its legit and protects your interests, do not send your money!

People like this hide themselves to escape retribution when its found out that they are perpetrating a felonious act. NEVER NEVER NEVER send your money to someone that you cannot verify who they are, what they do, and what they have done.

There is something creepy to me about an individual who feels they "need" to cheat people, steal from them, then run and hide in the sewers. Why can't they do business honestly? Why do they feel they have to lie, cheat, steal? A saying that I've heard for many years is "you can run but you can't hide."

There is no way a person like this can find any success in perpetrating a criminal act over and over and expect to find any real success in what they do. I hope you can feed yourself for a long time on the little money you stole...because I can assure you....you will be caught at some point...and when you are sitting in a prison cell....be decent enough to blame yourself....don't blame others. That is the least you can do.
Respond to this report!
What's this?

#3 General Comment

I am not that Rodney Peterson

AUTHOR: Rodney322 - (U.S.A.)

One of my GMail news updates is for my own name. I have the same name, Rodney Peterson, as the person being complained about and am not him. Because of attempted hacking and all sorts of other garbage I've had to endure, I am putting that information out there just in case the individual from this company stole my identity. It's always a possibility in cases like this, which also included my being robbed in 2008 by a person very likely capable of doing such things with a stolen identity, as the hacking would be indicative of. This sounds like a serious issue and I have made several complaints against the person who robbed me, Robert Catalfamo, online with the FBI and the police and so on. His whereabouts are currently unknown to me, but I believe him to be capable of the ID theft part, although I would be very surprised if were smart enough to do this type of fraud, from what I know of him. On the other hand, I think a determined individual could hook up with other crooks of this type. Since he has been trying to destroy my life in other ways for some time, in case he is capable and my actual information other than the coincidence of my name has anything to do with this incident it is best if I also notify RipOff Report (where I previously filed a complaint against a company named LC Way that sells Sony computers and other electronics through Amazon). My complaint was based on what I discovered when I was shopping for Sony Computers. I never bought anything through them, but other complaints seem to show that Amazon is in cahoots with certain retailers such as LC Way, because they do little to address the complaints.
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?
X