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Report: #812742

Complaint Review: MTTJ of California LLC - Sunnyvale California

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  • Reported By: Justice — Beverly Hills California United States of America
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  • MTTJ of California LLC 1250 Oakmead Parkway Suite 210 Sunnyvale, California United States of America

MTTJ of California LLC Thomas R Papa SCAM AND FRADULENT COMMERCIAL REAL ESTATE FUNDING TRANSACTIONS. Sunnyvale, California

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If you are a independent broker and have a client seeking private funding for your commercial real estate project or potential client stay away from MTJJ of California LLC. The front man is Thomas R Papa he comes across a pompus snake oil salesman. His pitch is he can fund your project in a little as 2 weeks BUT you must pay a UP FRONT DEPOSIT fee in most cases. He says instead of putting the deposit in an escrow account it must go in his personal Bank Of The West account.

If you get that far in the process you will notice when you get close to your funding date you will notice he has done very little due dilligence in regards to reading a purchase agreement,feasability study, appraisal etc. He will come across as incompetent. He has an very shaky Letter Of Intent I mean promissory note that he contructs as a funding agreement.

As it gets closer to the funding date agreed upon he will drag the process on and use stall tactics to push the funding back. Eventually he will just be stringing the client along with false dreams of getting the project funded. At the end of the day YOU PROJECT WILL NOT GET FUNDED!!! YOU WILL GET A BOAT LOAD OF EXCUSES!!!! If you are so lucky you may be able to get your 6 figure deposit back!


This report was posted on Ripoff Report on 12/22/2011 04:41 AM and is a permanent record located here: https://www.ripoffreport.com/reports/mttj-of-california-llc/sunnyvale-california-94085/mttj-of-california-llc-thomas-r-papa-scam-and-fradulent-commercial-real-estate-funding-tra-812742. 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. READ: Foreign websites steal our content

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