Nationwide Commercial Financial Group, LLC crook, thief, tony tomasso, desmond stoll, broker, broker posing as lender Boca Raton Florida

Attached you will find the finds of the Better Business Bureau.

Nationwide Commerical Financial Group, LLC
4400 N. Federal Hwy. Suite 301
Boca Raton, FL 33431
Contact: Tomasso, Anthony
Phone: (561) 347-2228


241 Avenida Del Mar
San Clemente, CA 92672



The customer who submitted this complaint has not notified us as to whether or not they were satisfied with your response. Therefore, we will take no further action and have closed our file on it.

Thank you for your attention to this complaint.

Complaint ID: 55080378
Complaint Classification:

Complaint Description - Posted 4/3/2009 1:04:35 PM


I was approached by Desmond Stoll at Nationwide Commercial Capital Financial Group LLC to fund a mortgage loan for my client. I made 100% sure that they were going to lend the money themselves and that satisfied myself and my client. My client paid $4800 to them for packaging and processing. In there Letter of Intent (LOI), they committed to having a legally binding Commitment within 45 days of the receipt of the final condition. They received the final condition on 2/17/2009 and 45 days later, they provided another LOI by another mortgage company. At this point, I was redirected to speak with the Chief Operating Officer, Tony Tomasso. They were trying to get another $15,000 from the client and based on all their responses, everything looked very fishy. That is not taking into consideration that they didn't have a Commitment within 45 days which was a breach all into itself. This statement came directly out of their LOI "NCFG will have 45 days from the receipt of the last document being received by NCFG to provide a closing commitment." Due to the misrepresentations made by the company and their lack of ability to provide a closing commitment within 45 days, we requested that the $4800 be returned and they directed us to arbitration. This company operates by collecting commitment fees from clients and after this happened; I found the following sites online. http://www.ripoffreport.com/reports/0/396/RipOff0396424.htm http://forum.brokeroutpost.com/loans


As you will see the broker never foolwed through with the BBB investigation. If it was a true and factual complaint you would think that they would.

The BBB takes all complaints very serious and follows up on every one. As you see they have closed the file satisfied.

You May Be Able to File a Complaint With the Palm Beach County Division of Consumer Affairs

Division of Consumer Affairs
50 S. Military Trail Suite #201
West Palm Beach, FL 33415
(561) 712-6600 - Ask for Investigator Daniel Dodson
(561) 712-6610 Fax

First of all I would like to say that any person can go online and make false statements or fail to tell the all the facts such as this complaint. A legitimate complaint should be logged with the BBB or the State where the company operates. In which we have no complaints. With the hundreds of deals a year we see, I have to say I am very proud of this fact. This way the charges can be investigated fairly.

I am the Director of Commercial Finance for Nationwide and pulled the file this broker is referring to. Fact number 1. It is 45 days after receipt of all due diligence including 3rd party documentation, not 45 days after proceeding. Check the LOI again Mr. Broker it is clear in Black and White.

2. The file shows that for reasons I cannot disclose for the borrower's protection the file was denied which you knew and know the reasons why. We had all the right per the LOI to walk away from the loan but our C.O.O decided to broker it out at your borrower's request since after underwriting it did not fit our program.
3. Back to the 45 days, your borrower would never pay for these items which the only truth in your complaint, were estimated to be around $15,000. A little high yes but any of the monies not used were to be credited back at closing.

4. The LLC's you mention are all companies that Mr. Tomasso and Principals have bought and sold. I have disclosed this to every borrower I ever spoke to and before they even think about proceeding. They have bought and sold stock and companies for many years, well before Nationwide was even started. There is nothing in the SEC complaint that pertains to Nationwide or any of the false charges on the internet or complaint sources.

If you truly feel you have a complaint why don't you file a charge where it will be investigated? In the LOI it clearly states that you can do this at no charge with the American Arbitration Board. If they find in your favor we will be happy to honor their findings.

Maybe Lenders, Brokers and Private Finance Companies such as ours should go on line and start posting info about all the less then honorable borrowers, brokers or loans we see daily. I wouldn't not have enough time in the day to do so and I think the Internet would crash.