Neel Robinson & Stafford Shawn Stafford Edwin Neel Pam Robinson Unlawful use of escrow deposits Atlanta Georgia

After weeks of underwriting and due diligence, Satilla Capital Partners, LLC a/k/a Tower Lending Company provided an executed Term Sheet to LandAmerica Holdings & Investments Group, LLC for a real estate development loan.  Per term sheet, the LandAmerica was to deposit a fee of $21,000.00 into the account of Tower Lending for due diligence.  LandAmerica netogiated the fees down to $5,000.00.

Tower Lending Company and Satilla Capital partners, LLC failed to deliver a lender, a loan, legitimate closing documents, a HUD or any evidence of a legitimate loan, but claimed to have used our funds placed on deposit to prepare loan closing docuements by their attorney's Neel Stafford and Robinson. 

On March 24, 2015, LandAmerica and its principals entered into an agreement, evidenced by a Term Sheet, with Tower Lending Company and its principals Michael Fillaize and Paxon Griffin.  According to the Term Sheet, Tower Lending Company or related company Satilla Capital Partners, LLC would deliver a $2,100,000 revolving loan, secured by the real property and improvements, including the construction of 36 townhomes subject to normal due diligence and underwriting.  Over a period of 120 days, neither Tower Lending Company nor Satilla Capital Partners, LLC nor any company affiliated with Mr. Fillaize and Mr. Griffin delivered a loan for closing.  Instead on May 19, 2015, Mr. Fillaize requested that LandAmerica make an additional escrow deposit for an additional $5,000.00 to the account of their closing and escrow agent Neel, Robinson & Stafford, LLC.  As of July 25, 2015, when I contacted Mr. Fillaize and requested a return of the $5,000.00 Escrow deposit and the return of the initial $5,000.00 Deposit paid on March 25, 2015, no loan offer had been made.  Instead on July 27, 2015 Mr. Fillaize sent over a bogus, generic Promissory Note with no lender identified in the Promissory Note, no interest rate and no HUD or other related closing documents.

We later closed a loan with a legitimate and lender and immediately requested the return of the $10,000 in deposits provided to Tower Lending Company a/k/a Satilla Capital Partners, LLC and to Neel Robinson and Stafford.  Our request was followed by a Demand Letter in a final attempt to recover funds placed on Deposit with Tower Lending Company and to recover funds placed in Escrow with Neel, Robinson & Stafford, LLC. 

Beacuse of Tower Lending Company, Satilla Capital Partners, LLC and its agent, Lenders Loan Capital, who facilitated the collection of the deposits and Tower's escrow agent, Neel Robinson & Stafford, LLC refusal to return our deposits, we are seeking justice with the filing of this report to inform the global community of the ocmapny's and it's agents unethical dealings and illegially activites of stealing client's escrow deposits.