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Report: #1326684

Complaint Review: Tand m Funding - Auburn Maine

  • Submitted:
  • Updated:
  • Reported By: Kyle b — Palmyra Pennsylvania USA
  • Author Not Confirmed What's this?
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  • Tand m Funding 259 Minot Ave Auburn, Maine USA

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I have read several reviews as well as talked to the attorney generals office about this company and there response was not good. The office of attorney general told me to run while i still have a chancec as otheres are getting there homes forclosed upon from this shady business. They call themselves t and m funding and they run there shady business out of a home. They are lucky they dont get squashed like the shady people they are. I had purchased a pbo and heard nothing, seen nothing, Just spent money and didnt recieve anything. Jacob answers the phone like he has peanut butter in his mouth while rich is sitting at a computer NOT responding to emails, Please stay far away from this company as we need to make our voices heard. shady people like these need to be shut down.

This report was posted on Ripoff Report on 09/06/2016 05:33 PM and is a permanent record located here: https://www.ripoffreport.com/reports/tand-m-funding/auburn-maine/tand-m-funding-tand-m-commercial-funding-jake-todd-rich-auburn-maine-1326684. 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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Updates & Rebuttals

REBUTTALS & REPLIES:
2Author
1Consumer
0Employee/Owner

#3 Author of original report

Satisfied customer and outcome with loan

AUTHOR: - ()

POSTED: Tuesday, November 08, 2016

I had just finished with my loan process with t and m funding. After a rough start, I must say Jake M. had solved my issue and fulfilled my loan amount with a higher amount than excpected. I was able to purchase another flip property and closing was faster than excpected. Thanks Again for the hard work and the funding that banks dont offer, Kyle Becker

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#2 Author of original report

Solved issue with a happy outcome

AUTHOR: - ()

POSTED: Wednesday, November 02, 2016

My loan has been satisified and i couldnt be happier with the outcome. Thanks jake for your hard work!

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#1 UPDATE Employee

Disgruntled Borrower - Unfair Review

AUTHOR: T&M Commercial Funding - (USA)

POSTED: Wednesday, September 07, 2016

Kyle,

 

Let me start off by sincerely apologizing we could not fund your loan. The unfortunate aspect of this business is that we cannot fund 100% of the loan submissions that come in. I want to remind anyone who has decided to read this far that we have a minimum loan amount of 25k and a minimum property value of 50k. If a property values less than 50k, it is considered inadequate collateral and we cannot get the loan approved. I have some info below to in response to Kyles review.

 

Facts:

Kyle did pay for a market analysis (BPO). Unfortunately, his value came in at 36k. (See pics below)

Kyle’s property is in terrible shape and honestly, I doubt any hard money lender would find this acceptable. (see pics below)

Kyles file has been closed.

Since Kyles file has been closed, he has been angrily leaving feedback and trying to hurt our reputation.

We have Title Companies and borrower references that can attest to our performance as a lender. We have been funding hard money deals for over 15 years and are one of the few that survived the market crashing.

 

Non-Facts:

"We have foreclosures going in Maine." - While it is true we have foreclosed on property in Maine, we currently do not have any active foreclosures. When the market crashed and borrowers stopped making their payments, we were left with no choice but to foreclose like many lenders. This however should prove that we do indeed lend real money.

Kyle states that "we took money and he has seen nothing." - While it is true that Kyle paid for a market analysis, it is untrue that he did not get the results. My pictures below will not only show his property, it will also show the value indicated by the agent.

"Jacob eats peanut butter while on calls." - Self-explanatory. I do not have a jar of peanut butter at my desk.

"Shady people that need to be shut down." - We have a large pool of investors that buy & hold properties as well as fix and flip properties. We make hundreds of hard money loans to help these investors stay in business and continue to have success. We strive for perfection and look forward to serving our clients for many years to come.

 

If anybody who has read this far needs hard money or a private loan, please call T&M and ask for references. We expect that many level headed investors can see the facts and make a commen sense decision as to our reputation and level of success. With all the fake lending going on these days and upfront fees being charged, T&M stands apart offering a product that can be molded to fit just about any deal!

 

Thanks for reading.

"Hard Money Jake"

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