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Report: #810777

Complaint Review: Real Funding Partners - Irving Texas

  • Submitted:
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  • Reported By: Sad Panda — USA
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  • Real Funding Partners 400 E. Royale Lane, bldg 3 suite 290 Irving, Texas United States of America

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Sad Panda, says Run

Dr. Hunter Elam (founder) likes to kill defenseless animals in Africa, what do you think he wants to do with you?  Take your money!

Central Distributing Network Aka, Realty funding partners Aka, Real Funding Partners.

Why the name change,  because the word Realty is owned, but these incredibly intelligent individuals did not know this.

Below you will read the most beautiful business model you have ever seen. Now the truth be told.

This entire hoax is designed to get you to pay  $ 149.00 a month. This is a Pyramid Sceme or commonly known as Multi level Marketing.

Just ask this company to prove one thing they have pitched. One more thing, if this is true,  why do they send your Smart-Sale Leaseback application to Bella Homes Llc in Arizona? Do they not tell you they have 400 billion to spend,  guess not. One more thing, the program will not work,  because of a little thing called:

Vexatious Litigant

This basically means after two or three attempts at

frivolous lawsuits the courts can bar you or your Co. and that is exactly what is  happening to Bella Homes Llc. Nearly kicked out of California as of Sep 28, 2011 Case Sunil Wadhwa vs. Aurora Loan Services. He lost. Sunil Wadhwa is the Brains if you will for Bell Homes Llc.

Now there side of the story and that is exactly what it is, a story.

Organizational Chart: Organizational Chart Central Distributing Network, LLC, DBA: Realty Funding Partners, Irving, Texas (A Private Equity Fulfillment Organization) Corporate Executives Dr . Hunter Elam, President/Founder (owner) Dr. Anthony Leonardo, VP Operations (owner) Neil Thompson, VP Marketing (owner) Matt Varnes, VP Field Operations Agency David Sage, Corporate Director Paul Thorne, Corporate Director Agency Associates Presidential Director, Vice Presidential Director Director, Senior Director, Executive Director Branch Manager, Senior Branch Manager, Executive Branch Manager Associate, Senior Associate, Team Leader www.RealtyFundingPartners.com

Owners: Owners Dr . Hunter Elam , RFPs founder, has a PhD in Information Technology, Artificial Intelligence. Dr. Elam is 44 year old and a successful entrepreneur that has built numerous enterprises; his last one sold for $70 million dollars Zyterra Corporation. Dr. Elam has worked with Private Equity lenders extensively in the past, and created RFP with two other partners. www.RealtyFundingPartners.com

Owners contd: Owners contd Dr . Anthony Leonardo , VP of Operations Dr. Leonardo is 55 years of age, is a retired chiropractor from Chicago, who owned 6 clinics and is a very detailed business consultant. Neil Thompson , VP of Marketing Mr. Thompson is 70 years of age and spent 21 years in the US Navy as a Public Relations Specialist. www.RealtyFundingPartners.com

The Concept: The Concept These gentlemen recognized that while America is suffering a financial crisis, at the same time a gigantic opportunity exists . In June 2010, Central Distributing Network, LLC was formed to do business as Realty Funding Partners. The purpose: to fill a huge gap created by banks in the United States, who are unable or unwilling to extend credit to business owners and individuals underwater with their mortgages. Today they have forged relationships with nearly 400 Private Equity funds with an aggregated value of over $ 400 billion. www.RealtyFundingPartners

Conventional Loans: Conventional Loans The idea is to provide business owners an alternative source for borrowing money for refinancing , expansion , acquisitions, and equity cash out opportunities. Minimum business loans are $500,000 and while no maximum exists, projects may run into the 100s of millions . Typically however, 1, 3, 5 and 15 million dollars transactions are most common. Interest rates are competitive and comparable with conventional banking. www.RealtyFundingPartners.com

Under Water Mortgages: Under Water Mortgages Private Equity (PE) partners have a solution for either residential mortgage or commercial mortgage owners that are under water. These PE firms will purchase property for the value of the 1st mortgage , and lease back on average for 40-60% of the previous mortgage payment. They grant residential owners the option to purchase their properties back at 90% of appraised value at time of purchase, with 60% of payments going to principal . (Commercial solution has unique details.) www.RealtyFundingPartners.com

Smart Sale Lease Back Product: Smart Sale Lease Back Product Residential Home Mortgages: Minimum loans and value of the property must be at least $200,000; Minimum lease payments are $1000 per month. Maximum home mortgages are $10 million. Commercial/Business Mortgages: Minimum loans for business mortgages are $ 500,000. Maximum business mortgages are $ 20 million. 10/24/2011 www.RealtyFundingPartners.com

The Agency Structure: The Agency Structure The owners of RFP have worked together for the last four years, and together have finely tuned an agency model similar to the insurance, real estate, banking , and medical/pharmaceutical industries. The model pays business builders exceedingly well for the development of an agency, with commission overrides also known as check match in our compensation matrix plan. www.RealtyFundingPartners.com

Global Fund Product Commissions: Global Fund Product Commissions RFP pays out commissions on commercial business loans starting at 20% of the RFP Org GF File Pool . The Global Fund Pool receives 50% of profits on deals . Example: A $5 million loan that generates $ 50,000 for the pool, will pay commissions between 20-30 %, namely $10,000 to $15,000 per personal file. www.RealtyFundingPartners.com

Global Fund Product Overrides: Global Fund Product Overrides Overrides are paid to people that help build out our agency , amounting from 20% to as high as 55 %, matching checks on commissions earned by associates. If , for example, an associate in your agency earns $ 10,000 per month, your overrides at 25% would be $ 2,500 just on that one person. Matching checks are 20% for Team Leaders, 25% for Branch Managers, 35% for Directors, 45% for VP Directors , and 55% Presidential Directors. All eligible match check positions participate in check matches. Ask for our compensation matrix for details. www.RealtyFundingPartners.com

Smart Sale Lease Back Product Commissions Front End: Smart Sale Lease Back Product Commissions Front End RFP pays out 65% of all the revenue received from lease back products . If, for example, a $1600 per month lease that pays RFP a fee of approximately $1000 will result in a commission payment to the file owner of approximately $650. The check match for all eligible associates, from Team Leaders to Directors, is 5%. Personally enrolled Associates will bring another 10 % match check on their income. www.RealtyFundingPartners.com

Smart Sale Lease Back Product Commissions Back End: Smart Sale Lease Back Product Commissions Back End When a home owner or business person purchases their property back, (normally after three years), RFP is paid another fee from the property sale. This will create another commission to the file owner, and check matches for the eligible associates. If, for example , a $300,000 buyback is made from a leasee, that transaction will yield another commission to the file owner, and matching check to eligible associates. www.RealtyFundingPartners.com

Associate Coop Cost: Associate Coop Cost RFP advertises on behalf of associates. RFP pays an expense allowance for managers to train and develop associates, starting at $1000 per month for 39 in an agency, and running as high as $ 5000/mo for 363 in an agency. RFP pays for the web functions for our sites and the information management. The coop share of all the costs above is $149 per month per associate. www.RealtyFundingPartners.com

Getting Started: Getting Started Contact the person (sponsoring associate) that introduced you to RFP. If you pass the interview with them, complete the W9 form, the Non-circumvention , Non-Disclosure and Confidentiality Agreement, and register yourself on a website given to you by your Mentor/Leader. This link will be given to you by your sponsoring associate. We are looking for talented hard working professionals to build agencies in every state in the US. If you have worked in the Real Estate, Mortgage or Insurance Industries or want to add an additional product to your current service business please contact me and I will be glad to provide additional information on getting you started. www.RealtyFundingPartners.com

Sad Panda says they lied to me to.

This report was posted on Ripoff Report on 12/17/2011 02:50 PM and is a permanent record located here: https://www.ripoffreport.com/reports/real-funding-partners/irving-texas-75039/real-funding-partners-dr-hunter-elam-mlm-pyramid-scam-sad-panda-says-they-lied-to-me-810777. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#3 Consumer Comment

Real Funding Partners was extemely professional in their dealings with me

AUTHOR: Financial Pro - (United States of America)

POSTED: Tuesday, May 15, 2012

I am somewhat confused about the report that someone posted on here about a company, Real Funding Partners,  that just literally saved my client from disaster.  I was fortunate enough to connect with one of the company's associates from California who helped me get a business loan for one of my restaurant clients.  I had worked for months trying to find capital for a client of mine who has run a successful food establishment for 5 years.  No one was lending money.  We sent the request to Real Funding Partners and literally within 2 weeks my client had $65,000 in new capital available for his business.  I am confused as to why someone would come on and post such rhetoric like the original poster here about such a professional company.  I will send everyone of my clients back to the associates at this company because they treated us all with respect and did exactly what they promised they could do from day one.  It is disturbing when someone posts something on sites like this, that have no reality in their statements. What is the point? 

Just tell the truth and let's support the companies that are out there doing the right thing.

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#2 Consumer Comment

Real Funding Helped my Business Grow

AUTHOR: J-BOSTON - (United States of America)

POSTED: Monday, March 26, 2012

Real funding partners helped my business get financing for my customers.  It has helped me to get more calls and ultimately led to more sales as referrals have doubled as a result of offering financing.
I have the ability to get customers financed from my PC.  Jason Harmon at Real Funding Partners was instrumental in showing me the power of financing automation.  I can now approve customers and print loan documents from my office.  Jason is at 508-216-0525.

Alan B - A Team Home Improvement

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#1 Consumer Comment

Real Funding Helped my Business Grow

AUTHOR: J-BOSTON - (United States of America)

POSTED: Monday, March 26, 2012

Real funding partners helped my business get financing for my customers.  It has helped me to get more calls and ultimately led to more sales as referrals have doubled as a result of offering financing.

I have the ability to get customers financed from my PC.  Jason Harmon at Real Funding Partners was instrumental in showing me the power of financing automation.  I can now approve customers and print loan documents from my office.  Jason is at 508-216-0525.

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