Complaint Review: AG Commercial Capital LLC
AG Commercial Capital LLC New World Commercial Lending collected large fee's and lied to Borrower and Broker. Falsely lied to borrower about Texas State lien position with Borrego Springs Bank in which I contacted and Borrego Springs does not even know co Miami, Florida
*REBUTTAL Owner of company: Learning to Work Together"
*Author of original report: AG Commercial Capital not related to New World Commercial Lending
*Author of original report: Rebuttal to original posting
As a Broker beware of the lies they tell you....as a borrower who supposely has a loan commitment beware! Do Not and I repeat to Do Not send a dime to these guys. They lie to borrowers on conference calls to get 4,500 dollars and no true loan approval nor do they refund money when they can not close the loan (well of course they can't, they have no real loan commitment from investors or banks) They do not know laws and regulations in the state of Texas and should never operate again here. They informed my borrower (after I requested they not make contact or discuss his loan with out me being on the call) that my client could leave a 82,000 state tax lien open and SBA would allow. Because my borrower felt a so called underwriter knew more about Texas liens than someone who has worked for Huge lenders such as Wells Fargo and other large banks in wholesale and retail and I have 20 years of lending experience in Texas, my borrower lost a very good business loan I had in place and now he has been ripped off by AG Commercial Capital with no viable SBA loan or a loan of any kind to pay of his growing lien! Outragious this company plays with peoples emotions and money by their lies and smooth talk.
The STATE AGENCIES IN TEXAS AND FLORIDA will catch up with AG Commercial Capital and those who practice operating in this manner. So if you have been in this situation as a Broker/loan officer or a Borrrower, please help me by doing your part and reporting these companies to all State or Federal Agencies in the state you live as well as Florida where they operate out of! Together we can stop crooks like this and put integrity back in our industy.
Signed Angela Vlasak/ Pres. of Tejas Commercial Lending
This report was posted on Ripoff Report on 07/30/2011 09:27 AM and is a permanent record located here: http://www.ripoffreport.com/reports/ag-commercial-capital-llc/miami-florida-33145/ag-commercial-capital-llc-new-world-commercial-lending-collected-large-fees-and-lied-to-b-758508. 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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