Complaint Review: Bluesky Invenstment Capital - Nationwide
- Bluesky Invenstment Capital Nationwide USA
- Phone: 860-946-3259
- Web: samb@blueskyinvestmentcapital.com
- Category: Mortgage Companies
Bluesky Invenstment Capital Sam Banda Don't Believe anything he tells you.. Hartford Connecticut
*Author of original report: Not Happening
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I started with this man awhile ago. He comes off as all knowing, and somewhat knowledgeable about the industry of mortgage banking and finance. I gave him a couple loans to do, one of which was from a gentleman who had a social work autorization card. He claimed he could do it, and please send all to him. So I did! He then sent me an email stating a friend of his just wired him 10 milliion dollars to invest, and I then gave him about 3 loans to close after that. All of which were over a million dollars, and met the criteria anyone would like. The loans I then sent him started taking weeks to months in closing times. I'd ask what was the hold up, and he would get testy with me and say "I can't upset these appraisers, we live in a different world now". My reply would be, "Sam, they promised these appraisals on 4 different occassions, it't been over two months now? Why wouldn't you get upset at that. Meanwhile I'm counting on these loans to close since he received them end of September beginning of October.
One of the borrowers met with my father's law firm, and was ready to do closing with them. Sam wouldn't of it because he was hiding what he was making from the closing from me. Instead this borrower closed a week before Christmas, and despite Sam Banda's assurances the borrower would pay me the agree upon 1% and Sam would pay me the 1% out of the 2% upfront he charged, it's January 10th 2017 and I haven't received a dime. He also had two other loans from me, for which I sent to him because of the 10 million he supposedly got from his friend to invest. He was waiting for an appraisal bid on 1 of the them for 3 months? The other he was suppsedly getting P & L's from the broker who gave me the loan, and other documents. That took 3 months as well. I hounded him for these commitments night and day at this point. It was getting harder and harder to get him on the phone, let alone to repond to emails. Before he would pick up the phone from me on the 2nd ring?
After 3 months and the holidays had past, he comes up with commitments from Kennedy Funding? Anyone in this industry knows Kennedy Funding is one of the worst companies to do hard money loans with. They have a high down payment, and they are known to keep the down payments and not do the loans. After sending these commitments to me, he says, "I've heard some bad things about them, I'm going to try to get commitments somewhere else. I said "Sam, you've had 3 months, and you come up with this??? Some of the clients I referred him literally on the same day called me and said, "he's been jerking us around for months, and I don't believe a word that comes out of his mouth. Upon hearing this, he then sent bogus commitments to my clients who don't want anything to do with him at this point. I also don't know if he hijacked loans of mine and just closed them without paying me.
This man ruined my holidays, and the only loan he closed out of the 8 or 9 I gave him, supposedly closed in his sister company's name, because they were under audit, and haven't gotten the check or been paid yet from the attorney? The attorney by the way, which he insisted on having, had my client come in on 3 seperate occassons to sign documents he forgot to have him sign the first time around. So it funded a week after Christmas? All that to hde what he was making from me, and then said "I'll never use that attorney again". After I told him to use my father's law firm? Don't beleive anything he says if you are giving him loans, or need a loan to close. If you don't mind waiting 3 or 4 months to close or not close at all, then I guess roll the dice?
This report was posted on Ripoff Report on 01/10/2017 12:32 PM and is a permanent record located here: https://www.ripoffreport.com/reports/bluesky-invenstment-capital/nationwide/bluesky-invenstment-capital-sam-banda-dont-believe-anything-he-tells-you-hartford-con-1348915. 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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#1 Author of original report
Not Happening
AUTHOR: - ()
SUBMITTED: Wednesday, January 11, 2017
Please forgive how I spelled investment. I was in a hurry to pick my daughter up, and didn't check. It doesn't look like I'll get paid at all from this Sam Banda after 4 months of him screwing around with this loan. He just closed it and gave me the finger. Destroyed my holidays and I can't pay my rent because of this. Do not give him loans as a broker or as a consumer for your home or business. You'll be lucky to close in 3 months if at all?


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