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Ripoff Report | Commercial Lending Review - Riverside, California
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Report: #412000

Complaint Review: Commercial Lending Capital Inc., Clcnationwide, Clc - Riverside California

  • Submitted:
  • Updated:
  • Reported By: Ramona California
  • Author Confirmed What's this?
  • Why?
  • Commercial Lending Capital Inc., Clcnationwide, Clc 3637 Arlington Avenue, Suite C Riverside, California U.S.A.
  • Phone: 951-715-0084
  • Web:
  • Category: Loans

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Commercial Lending Capital says they're a direct lender, but they're not, they're just brokers. They're MO is to collect deposits and that is their income source. They don't close loans, that is a sham. My network of associates I have created when researching this matter has had over 20 deposits stolen, do not let this happen to you. www.clcnationwide.com

Integrity1
Ramona, California
U.S.A.

This report was posted on Ripoff Report on 01/14/2009 12:08 PM and is a permanent record located here: https://www.ripoffreport.com/reports/commercial-lending-capital-inc-clcnationwide-clc/riverside-california-92506/commercial-lending-capital-inc-clcnationwide-clc-commercial-lender-that-steals-deposits-412000. 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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REBUTTALS & REPLIES:
0Author
8Consumer
1Employee/Owner

#9

Mislead Ex-employee Wants to Help

AUTHOR: Whistleblower - (USA)

POSTED: Sunday, September 06, 2009

I would absolutely love to help anyone who has had an unfortunate experience with CLC.  Trust me, we need to talk.  Please send email to cbat67@yahoo.com with your contact information and I will be happy to contact you.

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#8

Commercial Lending Capital

AUTHOR: Jerry - (U.S.A.)

POSTED: Sunday, August 30, 2009

Commercial Lending Capital one word : Beware!!! They will take your money without a Gun and rip You off. I have heard a lot of good decent hard working people been ripped off by this treacherous Company. I suggest you Investigate them first do they actually close loans? They are a Broker with a lender's licenses? They are arrogant I can attest to that. Do they need to be sitting in Jail with Madoff...I think so...

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#7 Consumer Suggestion

Commercial lending Scam Capital

AUTHOR: Jerry - (U.S.A.)

POSTED: Sunday, March 15, 2009

You are exactly right. CLC is a disgrace. I am shocked that they haven't been shut down yet. CLC scammed 4 of my client's.

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#6 REBUTTAL Individual responds

Commercial Lending Capital in Riverside is a Scam

AUTHOR: Jerry - (U.S.A.)

POSTED: Sunday, March 15, 2009

Smart4law works with CLC he is based in Riverside heres his response.

To say that CLC is a rip off isn't really a fair statement. 'Customer service' isn't always a happy ending but in the world of commercial property CLC has many more sucessful funding of loans

CLC is Not funding loans they shop there loan's out to other lenders. We have 7 consumers who gave this Scam Company DD fee's and everyone had problems.
No refund's but empty promises. They Scam good.
They steal you money and drag you on for 4-6 months with incompetent employees. Nicole Ferguson and Scott Oakley know what they are doing over there they are under investigation for scamming good decent consumers. There time will come. Stay away from this Fraudulent company beware consumers!!!
Commercial Lending Capital Inc., Clcnationwide, Clc
Phone: 951-715-0084
Fax: 951-848-9673

3637 Arlington Avenue, Suite C
Riverside, California, 92506
U.S.A.

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#5 UPDATE Employee

CLC is funding loans

AUTHOR: Smart4law - (U.S.A.)

POSTED: Monday, January 26, 2009

To say that CLC is a rip off isn't really a fair statement. "Customer service" isn't always a happy ending but in the world of commercial property CLC has many more sucessful funding of loans, then not.
The deposits are simply the customer's money used for the customer's appraisal, etc. By collecting a deposit CLC is able to fund 3rd party services (on behalf of the customer) without waiting for individual payments. In essence, the funding process runs more smoothly and consistently.
CLC's theory is the fund loans; and our team is working with software that will custom fit a loan to each customer. Unlike a banking loan request; if they can't fund the loan, they will deny the application; period. CLC will continue to research different avenues until they can offer the customer a solution.

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#4 UPDATE Employee

CLC is funding loans

AUTHOR: Smart4law - (U.S.A.)

POSTED: Monday, January 26, 2009

To say that CLC is a rip off isn't really a fair statement. "Customer service" isn't always a happy ending but in the world of commercial property CLC has many more sucessful funding of loans, then not.
The deposits are simply the customer's money used for the customer's appraisal, etc. By collecting a deposit CLC is able to fund 3rd party services (on behalf of the customer) without waiting for individual payments. In essence, the funding process runs more smoothly and consistently.
CLC's theory is the fund loans; and our team is working with software that will custom fit a loan to each customer. Unlike a banking loan request; if they can't fund the loan, they will deny the application; period. CLC will continue to research different avenues until they can offer the customer a solution.

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#3 UPDATE Employee

CLC is funding loans

AUTHOR: Smart4law - (U.S.A.)

POSTED: Monday, January 26, 2009

To say that CLC is a rip off isn't really a fair statement. "Customer service" isn't always a happy ending but in the world of commercial property CLC has many more sucessful funding of loans, then not.
The deposits are simply the customer's money used for the customer's appraisal, etc. By collecting a deposit CLC is able to fund 3rd party services (on behalf of the customer) without waiting for individual payments. In essence, the funding process runs more smoothly and consistently.
CLC's theory is the fund loans; and our team is working with software that will custom fit a loan to each customer. Unlike a banking loan request; if they can't fund the loan, they will deny the application; period. CLC will continue to research different avenues until they can offer the customer a solution.

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#2 UPDATE Employee

CLC is funding loans

AUTHOR: Smart4law - (U.S.A.)

POSTED: Monday, January 26, 2009

To say that CLC is a rip off isn't really a fair statement. "Customer service" isn't always a happy ending but in the world of commercial property CLC has many more sucessful funding of loans, then not.
The deposits are simply the customer's money used for the customer's appraisal, etc. By collecting a deposit CLC is able to fund 3rd party services (on behalf of the customer) without waiting for individual payments. In essence, the funding process runs more smoothly and consistently.
CLC's theory is the fund loans; and our team is working with software that will custom fit a loan to each customer. Unlike a banking loan request; if they can't fund the loan, they will deny the application; period. CLC will continue to research different avenues until they can offer the customer a solution.

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#1 UPDATE Employee

Commercial Lending Capital, Inc. isn't a scam

AUTHOR: Smart4law - (U.S.A.)

POSTED: Sunday, January 25, 2009

I would like to respond to the allegation that CLC is a scam and the deposit collected are the company's source of income...

First of all, CLC is funding loans. In fact, CLC is using software that hand picks a loan specific to each customer. CLC doesn't claim that all customers and completely satisfied; but we certainly try and fund a loan that satisfies everyone.

The deposits are not generated income; they are the customer's money and used for the customers' appraisal, etc. The deposits simply allow CLC to run a smooth operation; from appraisal to closing shouldn't be a hassle to the client.

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