ED Magedson – Founder
Corporate Equity710 Ogden Ave; Westmont, Illinois USA
Corporate Equity Corp Loan Now You Got Funding Upfront Deposit Retained Again Westmont Illinois
We have worked for several years in the commercial lending arena. We are all seeking lenders that can get deals done for us. In that search we try to avoid the pitfalls of our industry. Unfortunately, many brokers are acting like lenders, writing lengthy proposals or memorandums of understanding or conditional approvals. Then they are requesting deposits of 3,000 to 5,000 for "appraisals" "risk assessments" etc.
>We encountered a Mr. Al Hopkins of Corporate Equity. He wrote two Memorandums of Understanding on two separate deals. In the one case he asked for and received 4,850 and in the other 4,500. That was February of this year. He never performed on these...and has refused to return any of the funds that have been wired to him. Obviously he is preying on the less fortunate and has no intention of providing the loan. His Chicago office is now closed. It is my understanding that he is now in California. Please avoid dealings with him.
>If you are currently working with him...cease immediately or you will risk the loss of the client's funds. If he asks you why you are ceasing, you are welcome to inform him that I told you to. He will understand why.
This report was posted on Ripoff Report on 09/25/2013 07:18 AM and is a permanent record located here: http://www.ripoffreport.com/reports/corporate-equity/westmont-illinois-60559/corporate-equity-corp-loan-now-you-got-funding-upfront-deposit-retained-again-westmon-1087166. 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.
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