Athas Capital Alim Kassam,Brian O'Shaughnessy, Pedram Minoofar, Steve Nicholl Dishonest, prey of people who are in financial distress, they cannot deliver bait, and switch Calabasas Hills California

We applied for a hard money mortgage loan construction loan. They asked us to sign a document called Letter of Interest. In that document, there was a cancellation fee of $144,000. We signed it because I wasn’t going to cancel. We also paid them $1,950 for an appraisal, which is very high. We asked them total of 6 times though emails and phone calls to give us a copy of the report, but they refused, even though by law, they are required to give a copy within 3 days of receiving it. We never cancelled the loan and we needed the loan. They couldn’t deliver. They said it was because we didn’t have the Occupancy Certificate. How can we get that when we have not finished the construction? Talking to other private lenders, we found out they have the worst reputation and are known for bait and switch tactics and not being able to do large loans because they can’t raise big money from their investors, so they use excuses to not do the loan and attempt to extort money in the lieu of  hefty cancellation fee. Their attorney Pdedam Nioofar, would quickly will send you  demand letter for 4% of the loan amount. There are complaints about them on the internet and the State of California has fined them $35,000 for unlicensed activity. Stay away from these people!