Complaint Review: Quaker State Comercial Fiance - Conshohocken Pennsylvania
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- Author Not Confirmed
- Quaker State Comercial Fiance 1950 Butler Pike, Suite 137 Conshohocken, Pennsylvania United States of America
- Phone: 610 667-6701
- Web: www.QuakerStateCommercialFinance.co...
- Category: Mortgage Companies
Quaker State Comercial Fiance Len Keating A Broker who holds themselves out to be a Private Banker, Not! Conshohocken, Pennsylvania
*REBUTTAL Owner of company: Quaker State Commercial Finance Response
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This company holds themselves out to be a private lender with 100 to 150 private investors ready to go if the project looks good. they charge you $15,000 a project. They did this. On one project we could not get the sellers to extend to meet the financing deadline. They then said they would do another project. After doing their boots on the ground report, all they did was send me to another lender who now wanted an additional $25,000.00. Funny thing was, I had already spoke with this group prior to contacting Quaker.
be very wary. Quaker will take your money. They do a nice report and then submit your package to other lenders. they do not have, as I was told over the phone, 100's of private lenders. they are a broker who will refer you to a more expensive lender. You will most likely NOT get a loan, or if you do, it will cost you a lot more upfront they they let on!
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#1 REBUTTAL Owner of company
Quaker State Commercial Finance Response
AUTHOR: QSCF - (United States of America)
SUBMITTED: Monday, March 14, 2011
Quaker State Commercial Finance is a private commercial mortgage financing firm located in suburban Philadelphia, PA. Since its inception over 38 years ago, Quaker State and its affiliates have provided commitments for over $700 million in apartments, office buildings, residential developments, land loans, shopping centers and other more unique projects. Through difficult economic conditions, the company has continued to maintain a reputation of quality, integrity, creativity and honesty in the commercial finance field.
Len Keating has been with Quaker State Commercial Finance for over 13 years and during that time has closed over $275 million for Quaker State’s borrowers. His more than 35 year career as a Commercial Lending Professional and former Commercial Bank President provides extensive expertise in all areas of commercial lending, from business origination to underwriting and funding. These skills enable Quaker State to secure the best program at the lowest cost for each borrower.
Since last summer, despite very difficult economic conditions, Quaker State Commercial Finance has closed over $25,000,000.00 in loans for its borrowers. These include but are not limited to:
*Business Acquisition Loan in Jersey City, New Jersey
*$11,000,00.00 Apartment Construction Loan in Pittsburgh, Pennsylvania
*Bank Refinance Loan for an Industrial Park in Flint, Michigan
*”Hard Money” Renovation Loan for a Sports Bar in Philadelphia, Pennsylvania
*”Haircut “ Financing Loan for a mixed use complex in Perth Amboy, New Jersey
*”Hard Money” Tax Sale Bailout Loan for a Nite Club in Garnet Valley, PA
*”Hard Money” Vulture Line of Credit in New Hope, Pennsylvania
* Medical Plaza Bank Refinance Loan in Detroit Michigan
*Automobile Dealership Recapitalization Loan in Philadelphia, Pennsylvania
As illustrated above Quaker State Commercial Finance closes loans and our success over almost four decades of economic challenges speaks for itself.
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