C-loan, George Blackburne, Blackburne And Brown Sold My Information And Email Address all over the internet Los Angeles California

A user filed a ripoff report about our website, C-Loans.com, and me claiming that we "sold his information all over Los Angeles."  This is simply untrue.

When a commercial loan applicant applies for a commercial loan using C-Loans, the lenders and the commercial mortgage companies have to be able to contact him to make the loan.  The user specifically agrees to this.

In fact, the Terms of Use of C-Loans.com reads as follows:

"By using our database, you agree to several other things. First of all, you agree to be contacted by phone, fax, and email by the lenders listed on the C-Loans System. This goes without saying.  In addition, you hereby authorize us to sell your lead to up to six commercial mortgage brokers, who you hereby authorize to contact you by phone, fax, and email."

"... You also agree to be contacted every few months by C-Loans by phone, fax or email (we usually just do this by email) so that we can check up on the progress of your loan... You also agree to be solicited by C-Loans, Inc. and her related / affiliated companies ... regularly by phone, fax, and email regarding doing future business together... After the first solicitation, you will be provided an 800 number for faxes and an email address (we provide an easy link to opt-out too) whereby you can opt out."

So lenders and several commercial mortgage companies apparently contacted the borrower (the author of the ripoff report) trying to compete to make him a commercial loan.  This was exactly what was supposed to happen, and it is exactly to what the borrower agreed.

C-Loans never charges a penny up-front to apply to its hundreds of commercial lenders and commercial mortgage companies.   Using this service, we have successfully closed over 1,000 commercial real estate loans.

This is George Blackburne III writing to you today.  I'm an attorney and an Eagle Scout, and I'm the proud father of two more Eagle Scouts (the sons in Blackburne & Sons).  We're good folks.  We've been in the commercial mortgage business for over 33 years, making us one of the oldest surviving private money mortgage firms in the country.  We service around $40 million in private mortgage investments for about 900 private investors, so over the past 33 years, hundreds of millions of dollars have passed through our loan servicing trust accounts.  We don't cheat people.  

It's awfully crumby that our family's good name can get libeled like this simply because some user of C-Loans, obviously in a bad mood, failed to read - or forgot about - the Terms of Use.  (He had to agree to these terms in TWO separate places, and our Terms of Use are not written in legalese, but rather in layman's everyday English.)  If you are going to apply for a commercial loan, you are going to have to talk to lenders, right?  Hellooooo?  Geesh.

George Blackburne III
President
C-Loans, Inc.
Blackburne & Sons Realty Capital Corporation

To Whom It May Concern:

This is from the homepage of C-Loans

Commercial loans and commercial mortgage rates can be found inside this portal. This commercial mortgage portal allows you to apply to 750 commercial real estate lenders in just four minutes. You simply input your commercial loan request.

The C-Loans System will then screen out all of the unsuitable commercial lenders and provide you with a list of 30 (or so) banks which are perfect for your particular commercial real estate loan request. You can then call these banks, life companies, conduits, REITs or hard money lenders directly or submit your commercial loan request electronically, six commercial lenders at a time.

And C-Loans is free!

This is from the Terms Of Use page 

But remember, we are not your mortgage broker, nor your agent. In fact, you hereby specifically agree that we are not your mortgage broker or your agent. We are just a software provider to, and a marketing channel for, the lenders. This is important for you to understand because normally no one from C-Loans, Inc. ever looks at your deal. Everything is done by the computer program.

By using our database, you agree to several other things. First of all, you agree to be contacted by phone, fax, and email by the lenders listed on the C-Loans System. This goes without saying. Occasionally we will look at a deal and say, "Hey, this deal should have been submitted to ABC Bank rather than XYZ Capital."

In such cases, on our own motion, we may forward your loan to ABC Bank and probably several other C-Loans lenders. You hereby agree to allow us to do this. In addition, you hereby authorize us to sell your lead to up to six commercial mortgage brokers, who you hereby authorize to contact you by phone, fax, and email.

This is from the Disclaimer page

When you submit a loan through one of these websites, you will be dealing directly with the lender. Except for the occasional technical issue, no one from C-Loans, Inc. will assist you in placing your loan. C-Loans, Inc. is not a mortgage broker, nor are we your agent.

In Summation

The person that filed this report against this company made no special effort to understand the usage of C-Loans. This report against C-Loans is false as the very allegations made are clearly spelled out on the C-Loans site. I suggest that the complaining party in the future read the site's TOS, Disclaimer, and every page residing at that site to gain an understanding of how a site works. C-Loans did nothing wrong.

For complete information regarding C-Loans, please feel free to go online at www.c-loans.com .